price can still be considered in short term bear market if the resistance level
1234.30 is not broken. A possible harmonic pattern
could be found as shown in graph, and at point D, there is also the FIBO Extension 100.0 ( AB=CD
), and also FIBO Retracement 78.6, and a broken support which turned into resistance. So we could wait a short opportunity at level near 1228-1230.
TRADE IDEA :
SELL AT 1228-1230
SL : 1235 OR 1237
TP : 1208, 1200