Pullback today

2 thg 11, 2018

Morning guys,

Market almost has hit our minor 6400 COP target that we've mentinoed today on our forum. Still, it is not enough to break bearish context yet.
Despite recent upside action, market was not able to return in rectangle consolidation yet, and in fact, stands in range of the collapse that has happened on Monday.

Since we have "222" Sell pattern here, on 1H chart, and COP target has been hit - at least 3/8 pullback should follow.
Depending on retracement depth, we will see, should we expect any other upside action in nearest future.

Another warning moment is possible bearish grabber that could be formed today on daily chart.