H1 head and shoulder pattern playing out, but the psych level proving to much for bulls to overcome today.
Some levels to the upside were broken but momentum failed to see us break and close above 1500, as such,retest of support not entirely out the picture.
Price is currently around the h4 sell zone, firther support retests of lower handles, but the rejection as per the h4 chart from key support is clearly visible, those long tailed candles are a positive sign fir bulls, so given a daily higher close, intra day numbers should push intra day support higher and attract a bid from higher support levels, to fully complete the inverted HnS pattern and continue our relief rally...
See you all in a couple of hours.
Trade Safe
Some levels to the upside were broken but momentum failed to see us break and close above 1500, as such,retest of support not entirely out the picture.
Price is currently around the h4 sell zone, firther support retests of lower handles, but the rejection as per the h4 chart from key support is clearly visible, those long tailed candles are a positive sign fir bulls, so given a daily higher close, intra day numbers should push intra day support higher and attract a bid from higher support levels, to fully complete the inverted HnS pattern and continue our relief rally...
See you all in a couple of hours.
Trade Safe
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