**Trend is still Bearish, so bears are in favor. Price might do a pullback leading up to market open and then continue bearish. Waiting for the volume to enter the markets and then my signal to enter.
***Everything becomes invalid if price breaks and closes above 34540***
1. Last week’s low
2. Pullback during market close (aka Asian session)
3. Price has retested the previous low and has formed a new lower low.
4. Price can either form a level of resistance at 34248 or break back into this range to then form a lower high and with market open volume, continue the bearish trend.
5. Waiting for a break of 34100 for price to at least continue bearish to 33980
***Everything becomes invalid if price breaks and closes above 34540***
1. Last week’s low
2. Pullback during market close (aka Asian session)
3. Price has retested the previous low and has formed a new lower low.
4. Price can either form a level of resistance at 34248 or break back into this range to then form a lower high and with market open volume, continue the bearish trend.
5. Waiting for a break of 34100 for price to at least continue bearish to 33980