We got an opportunity to short/sell this market together with my bias of this market being bearish. We got a pattern formation which is bat, which is already completed, a regular bearish divergence is also visible that indicates underlying weakness. Bulls are exhausted. Warning of possible trend direction change from uptrend to downtrend. Could this be a good price for us to enter short? Taking TP 1 will take some into profits while adjusting SL to breakeven and holding it for a swing type of trade. See related ideas about our previous analysis on this market. Trade with care.
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Target 1 is reached if taken the setup.
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Target 2 is reached as well.
