Traders,
Fantastic short opportunity at previous resistance level. Strong bearish candle engulfing previous days range showing a clear negation of the upside rally. The marabozu engulfed multiple day ranges at the resistance, before that was multiple indecision Doji candlesticks. Expecting at minimum a move to sideways support/ long term neckline, if price breaks that level, this could mean there is a new bearish impulse leg into the lows.
I hope you have a tested trading strategy to trade this move when it starts
Fantastic short opportunity at previous resistance level. Strong bearish candle engulfing previous days range showing a clear negation of the upside rally. The marabozu engulfed multiple day ranges at the resistance, before that was multiple indecision Doji candlesticks. Expecting at minimum a move to sideways support/ long term neckline, if price breaks that level, this could mean there is a new bearish impulse leg into the lows.
I hope you have a tested trading strategy to trade this move when it starts
