Pretty much as the title says. We're up to the major downward . Current market conditions can easily mean this thing ploughs through and on up but technical is technical and we are where we are. Great opportunity with minimal risk. Personally i'd like to see a new step down to around 900 even 800 for some long term buying opportunities, will we see it?
Trade closed: stop reached: Well that was a spectacular fail!
Sorry i meant to elaborate and say i mean where its at now would make a proper resistance area to enter short(just sitting on the sidelines until further confirmation) . 1196 where you have marked would be a good entry but im going to wait until tomarrow and see how the market trades before i enter short. 1206 would be a decent SL with low leverage for me and the TP would be 1080 in my case.