We can now see a huge shooting star candle formed on the weekly. When you zoom out to the weekly you can see that the recent move higher was just a disgusting fake-out. Many long positions were triggered and subsequently liquidated or stopped-out. The last 2 days have erased a whole week of gains so momentum is going with the bears. Im expecting it to breakout lower with momentum before the end of next week with a target of about 11500. The USD is about to find support and continue higher which puts further selling pressure on this market.
