UJ Change of Direction
Updated
UJ reacted on the major resistance after the bull run.
Confluence Data:
1. Resistance is holding, 38.2 on fibs
2. Created lower highs after the consolidation
3. Bearish engulfing
4. double top downtrend pattern
5. Bearish variations
Outlook for next will be bearish. No structure yet.
Confluence Data:
1. Resistance is holding, 38.2 on fibs
2. Created lower highs after the consolidation
3. Bearish engulfing
4. double top downtrend pattern
5. Bearish variations
Outlook for next will be bearish. No structure yet.
Trade closed: target reached
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