2 Possible scenarios in current situation. It looks like bears are going to be in control for short period of time before we get a big move to the upside.
Be careful and stay safe!
Sell Area 1690 > Target 1650 Buy Area 1625 > Target 1750
Thank you!
Comment
⋅
Further down possible to 1575 area, depends on new developing patterns. Similar structure in yellow can be seen.
Comment
⋅
I don't think that 4 is completed yet. So in the coming week, we will probably see bears taking control.
The risk to reward at this point is great!
If you are a seller keep your SL above 1730 and target 1650.