Today the index moved as planned. We have seen a bearish reaction upon touching the neckline and expect a bearish pullback towards the shoulderlevel in order to print the shoulder 2 of our inverse head and shoulder.
Shoulder 2 = zone of interest for longs
Continue to act with caution : we are still in a bearish trend. If somewhere down the line there is a lack of confidence in the market, price may reverse quickly. Remark : the index did not correct the one impulsive bearish candle yet, not even after 14 days. Bulls try, but are not convincing yet.
