Things getting slightly more complicated. I have marked the price where recent SELLERS dived in with a horizontal line. The downward trend line
and upward trend line
means a FUTURE situation of break up or break down ( Pennant
). Right now though, I believe there is a SELL opportunity coming up. The big question is the entry price. Is is it now or is it a SELL ORDER at around 14141 (for those of us who don't watch the pips all night) which has a nice ring to it.