GJ Reversal Pattern

GJ has been moving in a consolidation zone for a long time.

As you see in the Daily chart, price has made a reversal double top pattern after getting rejected from a resistance level twice.

Currently, the yellow support zone which is also the neckline of the pattern is broken and the bearish candle is closed below the level.

Wait for a pull back and retest around the yellow broken level in lower time frames like 4H and 1H, then if there was any bearish confirmation signal, we can expect a drop on GJ to 149.500

Note: if price didn’t pull back, wait for today’s candle to be closed below the previous candle to enter short.