Reversal Trade Opportunity
Interesting setup seem formed on this market as the price create a new high follow by a momentum of selling.
If price unable to close above 2440 today, it might indicate a potential reversal and retest 2410 area (20MA).
One interesting thing i find about this market is there is a nicely inverted-U curved formed on the 5-minutes/15-minutes chart. Might indicate big players in the market exited this market at the market high.
The market still bullish intact, has to be tactful and be patience for a reversal short entry.
If price unable to close above 2440 today, it might indicate a potential reversal and retest 2410 area (20MA).
One interesting thing i find about this market is there is a nicely inverted-U curved formed on the 5-minutes/15-minutes chart. Might indicate big players in the market exited this market at the market high.
The market still bullish intact, has to be tactful and be patience for a reversal short entry.
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