Previously, I shorted around 26106 area, thinking that it was a harmonic pattern. However, the price went up after showing the sign of a checkmate candlestick pattern. So, I was tricked by that. And now it is testing the previous high. Personally, I don't believe that it will reach its historical high. A news claims that the price increased due to the increase of Chinese Manufacturing PMI. Does it really reason why it wants to reach its historical high? I don't believe so. As we know that all the main economic indicators shows some kind of weakness and there is no sign that a trade war is abour to finish. So, I am expecting to see some type of reversal pattern around the previous high and execute a big short.
Comment:
Currently, US30 is forming a double top pattern. Yet, we have to wait until it completes.