Sell below 15016. Stop loss at 15791. Take profit at 12908.
Reason for the trading strategy (technically):
Price is seeing major resistance at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat formation, horizontal swing high resistance) and we expect to see a strong drop from here to at least 12908 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 90% where we expect a corresponding drop from.
Reason for the trading strategy (technically):
Price is seeing major resistance at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat formation, horizontal swing high resistance) and we expect to see a strong drop from here to at least 12908 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 90% where we expect a corresponding drop from.