On the Weekly chart, we see that the market has been respecting the highlighted area since February 2015. Therefore we can hope that it continues to do so, by keeping an eye on shorting opportunities.
We will have to look at alternative trade scenarios if the market breaks above this level.
Right now I'm keeping an eye on this potential Cypher pattern completion at this resistance area.
We will have to look at alternative trade scenarios if the market breaks above this level.
Right now I'm keeping an eye on this potential Cypher pattern completion at this resistance area.