Break and waiting for retest of ascending channel to form a sweet head & shoulders pattern. Market sentiment is definitely bearish with the RSI under 50 and a lower high and lower low being formed. Expecting small pullback to 38.2 confluence level before an aggressive downward push.
Although a break and retest of the 38.2 level could spell bullish behavior, it is highly unlikely given the stance on Brexit and market sentiment.
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Although a break and retest of the 38.2 level could spell bullish behavior, it is highly unlikely given the stance on Brexit and market sentiment.
Please feel free to like and share your views in the comments.