A Bearisch Bat, A Bearisch and a Bearisch 1.618 are completing at the same area!
So this area is what I use to call a "mare or break" area!
If the market holds this level we should see a reversal!
If market overshoots this important level it is a massive signal that the overhelming trend is still very strong!
Be carefully with this setup!! Technical we are still in an uptrend with higher highs and higher lows!
So this would be a counter trend trade!! And they have to be traded very aggressiv!