The market has failed to break the strong point of resistance price indicated by the black horizontal line and seems to have formed a head and shoulders pattern but has not broken the H/S support. We can go short on break of H/S support and place TP and SL as indicated on the chart I have personally analyzed. AVOID GOING INTO THE MARKET EARLY!!!
The market initially dropped for weeks then it formed what seems to be an inverse head and shoulders pattern, with the left shoulder and head being fully completed. Now it seems to be forming the right shoulder and it has rejected the strong level of support represented by the horizontal line on the chart which I have personally analyzed. I'd suggested that we...
Wait for the market to test the pivot point that has served as trending support before. If you see rejection of the price, buy in and place stops as indicated on the chart that I have analysed. AVOID GOING INTO THE MARKET EARLY!!