I see the markets going to revisit the previous broken area that was resistance which will now be support.Then we can get the impulse move to the upside and ride the wave.
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The market completed one inverse head and shoulder pattern looking to completed a bigger pattern....this is a true example of how the smaller setups is just a setup for the bigger pattern. The only way will short is if the market close within that zone without breaking it.
Last week we had a very bullish close due to NFP so this week I’m look for the sellers to try and regain control.On this H4 I will be looking for the market to fail to break a new high and if that happens i would like to be short for the week.From this point i will follow weekly to watch how the market react to the bullish bat pattern setup.