A small bear play before possibly inverse head and shoulder??!!

11 Jul 2018

A following on from yesterday we have a bear Break from the equilibrium below 6423, which has been a reasoalble solid support previously. The volume for the break is less than the previous two bear break so the momentum may be week. A potential bear play would be enter now (aggressive) or enter at retest of 6423 or 12 ema, with a tight stop loss at 6423 or 12 ema. With target 1 at 6295 or 6107. I think with the weak bear volume we may be potentially setting up for an inverted head and shoulders.