CAREFUL WITH THE SHOOTING STAR - MIGHT RETRACE BACK TO THE SUPPORT BEFORE FLY AGAIN
RESISTANCE TESTED. IF FAILS.. IT WILL DROP. IF THE RESISTANCE PENETRATED, WAIT FOR IT TO BE TESTED AS A SUPPORT, THEN OFF YOU GO LONG
SHORT TERM CONSOLIDATION SPOTTED. HEIKIN ASHI CONFIRMS COUPLED WITH PSAR. ITS GOOD TO JUMP INTO RIDE. SL AT THE RESISTANCE.
on this 1 year chart a trend reversal pattern is spotted. However based on this heikin ashi it is clear that a short term downtrend is expected. One can buy put or short sell and TP at the level indicated in the chart. The red candle pierced down through the 9 sma.
It tried to secure the trendline but failed. Heikin Eishi candie spotted today withd PSAR remains bearish.