Currently price has taken out previous high but has put in a
shooting star (not yet confirmed). Possible bounce before
looking higher to complete the 161 ABCD at 104,10 level.
A fast drop from this level should cause concern for bulls,
especially if it moves below 103,20 level. 104,10 could be
scalped on the short side if price respect it as pattern completion,
still price could proceed higher to complete
the Butterfly Sell at 104,44. Entering signals needed at
each level of course.
shooting star (not yet confirmed). Possible bounce before
looking higher to complete the 161 ABCD at 104,10 level.
A fast drop from this level should cause concern for bulls,
especially if it moves below 103,20 level. 104,10 could be
scalped on the short side if price respect it as pattern completion,
still price could proceed higher to complete
the Butterfly Sell at 104,44. Entering signals needed at
each level of course.
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