Sell Target hit. Final leg down. Still short.

9 ביולי 2018

TP = 72.86 hit last week as the price completely complied to the projected bearish reversal pattern on 4H (blue curve), nearly hitting the second TP = 71.88 as well. The 72.14 low that was bought on Friday's late session was today sold at 74.23 under heavy 1H selling pressure, which has since normalized (RSI = 46.691) under the High Volatility (ATR = 0.0016). Those points are Lower Highs and Lower Lows on 4H and despite the current consolidation, even if the curve is not followed strictly, the chart should pull back on one final bearish leg to formulate a Higher Low on the 1D Channel Up (RSI = 54.819, Highs/Lows = 0.0048, B/BP = 0.0144).