Long term out break out and pull back has taken place. The current up trend is just exhaustion from a fast paced bearish reaction from the pull back. Just waiting for trend to resume back to bearish direction before entry. Waiting for bearish pattern comformation
Market have been moving sideways creating head and shoulder pattern long term. The spike up on the right shoulder and fast move down indicates that market is ready to sell just waiting for the breakout of the neckline down. For now based on my analysis it’s a high probability sell. Long term bearish indication. For anyone looking to short sell please wait for...