From a downtrend, this market is respecting the 61.8 Fibs Level and a bearish symmetrical triangle has been formed. So we have to be patient and wait for confirmation before we can take this trade.
- A bearish triangle has been formed
- We also see a bearish engulfing with longer wicks which shows that the bulls are tired and the bears are taking over. So we will wait for confirmation within the week to go SHORT
- We can also see how the Kijan crossed the Tenken indicating its a SHORT
