Approaching previous daily high. Looking for a bearish candle stick on the 1 hour time frame confirming a sell entry.
No clear break of the trend line. Still waiting for price to break structure before entering short.
Short set up was never verified. Bulls are still very strong as the continuation to the upside resumes this week.
Going to continue to the down side and we will see what happens around 30800-30650. Either we break this level and continue short or we will see a reversal to the upside.
once it hits the key level we will most likely see a reversal to the upside.
False breakout. Price will drop after a clear break of the trend line.