Hey Traders,
Simply said we have got Double Top here and a bull trap has been set as we mentioned last week.
For shorts retest to 8300 if we see nice bearish price action confirmed by the volume - hit the sell button.
For longs 6000 is our hot spot. It is a psychological number + monthly support level + weekly 50 fibo.
Let's see how they play this out.
Good luck guys!
Simply said we have got Double Top here and a bull trap has been set as we mentioned last week.
For shorts retest to 8300 if we see nice bearish price action confirmed by the volume - hit the sell button.
For longs 6000 is our hot spot. It is a psychological number + monthly support level + weekly 50 fibo.
Let's see how they play this out.
Good luck guys!