as you see, we have a very nice rising channel. reaching 111.0 level we see a formation of a double top pattern and rsi divergence. the market leaves us clues that bullish momentum is exhausted and potentially bears start to pressure the market.
right now I will be looking for a bearish violation of 110.4 level. this violation will trigger a massive selling reaction from market participants, so we can anticipate strong bearish movement to lower levels.
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