We have seen a steady consolidation and an internal Resistance recently tested, a bearish Engulfing has been identified, which I usually expect at key area, however I am currently seeing a minor consolidation and the break out of the consolidation with a good momentum will determine if selling is still valid.
On the Flips Side;
if the high of the Bearish Engulfing at the Key area currently is invalidated/liquidated, I will be expecting a retest to reclaim the resistance turn support and a continuation to the RESISTANCE above.
On the Flips Side;
if the high of the Bearish Engulfing at the Key area currently is invalidated/liquidated, I will be expecting a retest to reclaim the resistance turn support and a continuation to the RESISTANCE above.