A bearish bat pattern is completed in Daily chart. It provides a potential reversal zone (PRZ) from 72.465 to 71.860. In the longer time frame charts, the market shows us it is in a downtrend, so this selling opportunity is a follow trend trade. I am waiting for more candlesticks show up, then I can confirm the PRZ is a valid resistance level or not. I will short the market until I get confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.