Don't get fooled by the counter trend rally, Bearish to 27,500

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Don't be suckered into this bear market rally. Price is still bearish and will continue to be so until the 2018 Open price has been hit of 27,500. A clue the market has shown is the bodies of the last three days are suspended above a key level. This is a sign that price will return. When prices find a low at a key level, the bodies are AT the level.

syot kilat


Case in point, bodies of the candles are AT the key level, not suspended above it. This is ALWAYS the case for a major low in the market.

syot kilat


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syot kilat
Nota
syot kilat
Nota
Look for little to no follow through and for the bull bar to get erased. I do not trust bull bars in this market right now.

syot kilat
Nota
syot kilat

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