It's clear we will not be breaking through the 4040 resistance level just yet. Bearish engulfing candle, overbought rsi and strong resistance level will push us back down to 3842. Best option is to capitalise on these movements and make gains by shorting to 50 and 61.8 fibs levels. Lets hope the bulls can take back control from there.
Comment:
Watch for Cup and Handle + Bull Flag play