Sell Level We look to Sell at 2740
TP: 2600
SL: 2800
Technical Analysis:
A 5 wave bullish count has been completed at 2880
Price action has posted a bearish Hanging Man and is negative for short-term sentiment
Trades with a bearish descending triangle formation
A bullish reverse Head and Shoulders has formed
The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower
TP: 2600
SL: 2800
Technical Analysis:
A 5 wave bullish count has been completed at 2880
Price action has posted a bearish Hanging Man and is negative for short-term sentiment
Trades with a bearish descending triangle formation
A bullish reverse Head and Shoulders has formed
The reaction higher is positive, however, we view this as an opportunity to set shorts in line with the overall bearish move lower