The net smart money is invested bearish.. on the day we already see a head and shoulder indicating that the market wants to continue on the downside. One last let and the count will be complete... nice channel Formed to add more confirmation....proper risk management is key..
The market is trending downwards and continuing to make lower lows.. with a classic correction pattern(1,2,3,4,5) the market looks set to continue dropping...
After break of the major uptrend, we saw a corrective channel indicating that the market is setting up for a fall... zig zag in the channel also spotted(corrective confirmation)...
