Watching for bearish reversal

Mar 20, 2020

Morning guys,

Our "222" Sell setup hits the target. Market stands at weekly K-resistance and now we're watching for finalization upward action by butterfly "Sell pattern around 6.9K.
If you want to buy - it would be better to wait downside pullback out from this area.
For bears - it should be relatively safe to go short from this level. At first touch we should get technical response, at least, that should give us chance to move stops to breakeven. Potentially, as we suggest - market could continue downside action in way of butterfly "Buy" pattern on daily chart. Pace probably will be slow, we we keep our 3.3K target still...