Failure to break above the trend line and first S level will signal a sell and we should see an impulse down.
Breaks above 7240 will test the 200 EMA
Breaks above the 200 EMA will test the shown R Levels
Outlook: Bearish
However we are not afraid to take a long position if 7240 breaks
Read the PA before entering the market
Catch the impulse, don't play around in the consolidation
Breaks above 7240 will test the 200 EMA
Breaks above the 200 EMA will test the shown R Levels
Outlook: Bearish
However we are not afraid to take a long position if 7240 breaks
Read the PA before entering the market
Catch the impulse, don't play around in the consolidation
