JoshMichael

Major Potential Reversal Zone with 5m Confluence

CME:S61!   None
0
This market has been resisting the break below the bullish channel of 2013 (purple diagonal). Advanced pattern formed to finish right on that trend line, the opportunity to supply the best price has passed in the 5 minute chart with the completion of a H n S. The doji that just printed is the icing on the cake. Opportunity to short at the .886/1.618 level comes by the end of this week, or more realistically, i'd provide liquidity @1.1266 with an eye for 1.11810(T1).
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