Friday at the close there was an attempt to break up but instead it got rejected and sold of. Now that trend line have been broken and we got a sell signal on the 4H candle as well. If we open around the current price i might short it with a half size and wait and see how things go first. We can still see a retest of that former support line. I want to see that retest succeed first before entering the other half. I have 2 targets, the second one is the blue circle.
Previous analysis: Here you can see why a successful retest is important.
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Previous analysis:
Here you can see why a waiting for confirmation is important.
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Opening straight above resistance level. Can still drop, but no pattern to go on yet.