Sell below 15016. Stop loss at 15791. Take profit at 12908.
Reason for the trading strategy (technically):
Price continues to test our major resistance area at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat harmonic formation) and we expect a drop from this level to at least 12908 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is starting to drop nicely from our 94% resistance level and we expect it to drop further with price here.
Reason for the trading strategy (technically):
Price continues to test our major resistance area at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat harmonic formation) and we expect a drop from this level to at least 12908 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is starting to drop nicely from our 94% resistance level and we expect it to drop further with price here.