The View negates above 1290 . If that happens we will have to look for the possibilities of pattern.
Kindly wait for the price rejection before initiating the trade.
Possiblity of Bearish Shark is still there. Without the confirmation of reversal initiating the trade is very risky.
SL would be around 1290. Bearish Cypher is a powerful pattern. If properly activated downward speed would be very fast.
I will update the targets once the reversal point will be identified.