A previous Bullish Uptrend has been invalidated at the Break of S1 which created a Resistance and a retest at S2 with price holding to retest the trend-line acting as Resistance.
A Bearish Engulfing and or Spinning Top with a Strong Bearish Candle is required at this RESISTANCE AREA to go short.
Order cancelled
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Idea has been invalidated with the sell off at the market opening, we wanted price to buy to the resistance before we see a SELL OFF but in this case price invalidated our idea and created a BULLISH HEAD & SHOULDER.
Comment
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previous we expected the price to first buy before selling but it first sold before buying and later sold, overall idea was completed. the LHs was not invalidated so our idea was valid.