CLS - Bulls Under Pressure

We may derive the following from the Weekly CLS chart:

1. Price formed a double top, but didn't test the ATH.

2. The Weekly bear candles are usually engulfing.

3. Price i.m.o should continue to drop further, with a potential to first test the ATH one more time.

4. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.