Retreat from Thursday’s high of 2486.85 (monthly pivot R1) has opened doors for a potential move lower to neckline level of double top formation seen at 2396.22.
Yesterday’s move higher to 2446.35 does not necessarily mean short-term bearish invalidation. Moreover, bulls would want to see a daily close above 2500 levels before pressing the ‘buy’ button.
Yesterday’s move higher to 2446.35 does not necessarily mean short-term bearish invalidation. Moreover, bulls would want to see a daily close above 2500 levels before pressing the ‘buy’ button.
