Short
Dangerzone!!!
Thank you for taking the time to read my idea, your support is appreciated.
There is a serious setup now which needs attention.
The downward channel has formed and reversed from it's high today.
Implications of this type of action are potentially serious for the bulls.
We have a double top denoted by the arrows and a downward price move.
This pattern is often characterised by a plunge below the bottom trend line.
We know the technicals are telling....just waiting for the trigger event now.
A move above 26600 would cancel the bearishness for now.
We see a down move of 500 plus points "minimum".
Summing up, this is a bear opportunity and we could well be on the precipice of a major
downdraught.
Enjoy your weekend!
There is a serious setup now which needs attention.
The downward channel has formed and reversed from it's high today.
Implications of this type of action are potentially serious for the bulls.
We have a double top denoted by the arrows and a downward price move.
This pattern is often characterised by a plunge below the bottom trend line.
We know the technicals are telling....just waiting for the trigger event now.
A move above 26600 would cancel the bearishness for now.
We see a down move of 500 plus points "minimum".
Summing up, this is a bear opportunity and we could well be on the precipice of a major
downdraught.
Enjoy your weekend!
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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.
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.