Last week's bear break could lead to a potential reversal towards 3880 with a big bounce from the low.
False candle pattern signal suggests a momentum edge to the other side.
76 Fibonacci level is reached, and if the bear trend continues, a bias for a short trade exists into the 76 fib with a stop above the recent swing high or 86 fib for tighter stops.
Bu…
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.