A bearish bat pattern is almost complete in four hour chart. It provides a potential reversal level is around 51.980. In the larger time frames, the market is in a down-trend, so this selling opportunity is a follow trend trade. I will not place any pending orders. I will wait for confirmation signals show up, then short this market.
Please follow me if you want to know my trade ideas!
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.