just broke thru a major support confluence of the 200 ema
, the flag pattern
, 2016 trendline
, and a prior resistance/support area. Recently, we formed a bearish engulfing
pattern rejecting this level at 17. 800
. This is a great time to sell with a stop loss above 17. 800
targeting 16.00-16.2 for the 1st target and I would expect prices from there to rebound based on multiple things, but we will see. The trade offers a risk/reward of 3:1.