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First be identify which was the best place to go short, we found ABCD pattern completion just at resistance plus a 1.272 extension just at the market, giving reasons to look for bearish opportunities. And we get that with a Double top with an oversold condition and bearish divergence just at that zone. Stops just above the DT, 1st target at the most recent low...

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As seen on the chart there are a lot of factors that make this a good zone to look bearish opportunities. There are a lot of eyes in that zone and we do not know who is going to win, what we DO know is that there will be a reaction, and we can make an educated guess, bulls taking profits and bearish entering the market, this environment creates a perfect bounce. ...