We have an ab=cd pattern mixed with a previous important resistance. I am expecting a bounce here and will enter with shorter time frame confirmations.
We started breaking down but the price has been holding for a long period of time at the highs. I took half my profits and moved my stop loss to breakeven in case it reverses. Risk free trade.
We just had a little bulltrap to confirm the exhaustion of the up trend. Shorting.
We just broke an important trend line. A good sign for continuation.