Traders,
Rounded top at sideways resistance, with multiple reversal candles shows a clear weakness here at the highs. Looks good for a sell on breakout of the rounded top and the minor support level. Todays candle has nicely engulfed yesterday's session already, implying bears have a lot of immediate strength in the market. Expecting some nice downside here. I hope you have a tested trading strategy to trade this move when it starts.
Rounded top at sideways resistance, with multiple reversal candles shows a clear weakness here at the highs. Looks good for a sell on breakout of the rounded top and the minor support level. Todays candle has nicely engulfed yesterday's session already, implying bears have a lot of immediate strength in the market. Expecting some nice downside here. I hope you have a tested trading strategy to trade this move when it starts.
