We see a confluence of trend lines in a zone I have marked with red circle. This is where we want to see the price before going short – rally, sell. Look for divergence to form near this zone and attack when completed with bearish candlestick pattern.
Alternatively draw an uptrend line and once broken go with the break.
Stop loss – above last high created.
Target 1 – 99.50
Target 2 – 98.00
Alternatively draw an uptrend line and once broken go with the break.
Stop loss – above last high created.
Target 1 – 99.50
Target 2 – 98.00
