Bears got control
Now we can see a clear break for the wedge ,confirmed by a strong bearish marubozu,followed by three falling methods pattern(not the exact pattern but the exact psychology) ,MACD negative divergence ,RSI first sign of weakness is the failure to reach the 70 level,followed by an almost extreme swing hitting new levels 38 and 39.
All signs confirm that the bears took control with no doubt ,selling short targeting 7375.00 stop loss at 7400.00
All signs confirm that the bears took control with no doubt ,selling short targeting 7375.00 stop loss at 7400.00
Penafian
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