on this 1 year chart a trend reversal pattern is spotted. However based on this heikin ashi it is clear that a short term downtrend is expected. One can buy put or short sell and TP at the level indicated in the chart. The red candle pierced down through the 9 sma.
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Trend Reversal Pattern.. about to confirm. Rules 1) it breaks out the trendline resistance. 2) it breaks out the previous high 3) should be testing the previous high i.e support - if all met, here we go for a good bull riding