Head and shoulders formation on the weekly might signal strong bearish sentiments in weeks ahead, look out for more sell opportunities, patiently waiting for the price to break the current zone and close below.
Bearish struggle last week looks like have potential to break the daily trend line.
Wave iii spotted.
Expecting more free fall with target : 129.609
Invalidation : 136.354
Hi fellow traders.
GJ ended up not adhering to my last trade idea, so I did not place any orders.
I think if this new red line proves to act as a resistance trend line, we could see a pullback. Looking to take profits along the way.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading...
