lets get straight into it...
1. on the daily we are bearish as seen by the lower highs and lower lows
2. the large bodies of bearish candlesticks show a huge amount of momentum
3. market brokeout of the upward trendline
4. currently market is retesting both the broken support level and trendline and shows huge rejection as seen by the long wick
5. expecting market to push down to the 11027 zone if the weekly candle closes below the 11570 support zone
6. lastly entries will be on the break of counter trendlines or formations of double tops or head and shoulders
1. on the daily we are bearish as seen by the lower highs and lower lows
2. the large bodies of bearish candlesticks show a huge amount of momentum
3. market brokeout of the upward trendline
4. currently market is retesting both the broken support level and trendline and shows huge rejection as seen by the long wick
5. expecting market to push down to the 11027 zone if the weekly candle closes below the 11570 support zone
6. lastly entries will be on the break of counter trendlines or formations of double tops or head and shoulders