The price couldn't go above 9000 again and made a lower High. Descending trend line, Fibonacci Retracement (61 and 78%) and a potential Head and Shoulders are all alligned in that 8200-8400 zone.
Should we see rejections from that zone, we can start go SHORT because after some significant green candles this year we still haven't seen a correction. Last weeks candle showed us that bulls are losing power, so we need to be careful with this week's candle.
Entry: 8200; Stop Loss: 8400-8500
Take profit: 1) 7450, 2) 6900, 3) 6000
Should we see rejections from that zone, we can start go SHORT because after some significant green candles this year we still haven't seen a correction. Last weeks candle showed us that bulls are losing power, so we need to be careful with this week's candle.
Entry: 8200; Stop Loss: 8400-8500
Take profit: 1) 7450, 2) 6900, 3) 6000
Stay patient and good luck everyone!