LOOKING AT A SELL . NOW MARKET JUST BROKE OUT OF THE STRUCTURE ( BEAR FLAG) , LOOKING TO SEE MORE DOWNWARD MOVEMENT
price action showing a sell continuation pattern.. would be looking closely for another opportunity to continue selling
wait for price to reject on previous support for a sell
looking for a long term buy on retest on major support
wait for a restest then the buy signal will be active
The near term support is around $1280 and any violation below will drag the it till $1271/$1265. It is good to buy on dips around $1292-93 and SL around $1286 for the TP of $1312.
HIT PREVIOUS SUPPORT , SHIFT OF MOMENTUM ON CONSOLIDATION , EXPECTING A SELL
hit previous support on daily time frame . shift of momentum on the 1hr tf .expecting abc movement down