We had a strong rally on Monday along with a gap up that still needs to be respected. With CPI ahead, I’m expecting a move down toward yesterday’s lows, potentially finding support and rejecting in that area before a possible bounce.
The 4H has remained range-bound, while the 1H shows a clean double top formation.
Stop loss is set just above yesterday’s daily high.
Manage your risk — let’s catch a short-term melt.