1. Bearish pin bar as re-test of trendline @ horizontal resistance zone.
2. Lower Low and Lower High signifies change of recent bullish structure.
3. Bearish Engulfing printed @ resistance zone (LH) {{{we sell @ resistance/Low high zones}}}
4. pinbars/rejection candlesticks at our support level $1270
CONCLUSION: very high possibility of price reatracing back to resistance zone before the sell off.Look for short-term bullish signs on smaller timeframe.
2. Lower Low and Lower High signifies change of recent bullish structure.
3. Bearish Engulfing printed @ resistance zone (LH) {{{we sell @ resistance/Low high zones}}}
4. pinbars/rejection candlesticks at our support level $1270
CONCLUSION: very high possibility of price reatracing back to resistance zone before the sell off.Look for short-term bullish signs on smaller timeframe.
