Analysis:
Interesting session as bears tried really hard to break through bullish support, didnt happen. But, the structure remains bearish as there was no bullish pattern today. Personally I broke even on initial short and im in a small short from key bearish resistance. Small, because I still hesitate if this bearish structure is valid – just a gut feeling. From strategy perspective it is what it is, a bearish structure.
Strategy Status:
Trend following: short since 4383.75 (Aug 02)
Pattern: trend change – initial entry 4391 (out at break even), key bearish resistance entry 4416.
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