bearish pennant is still intact...

Price was rejected by the confluence of the significant round number (143.00) and the top trendline of the bearish pennant. Now a bearish tweezer top formation has developed on the H4 chart and the beast should now go down to re-test the bottom trendline of the pennant.

Only time will time whether the anticipated drop to 136.xx and then 130.xx will materialised or not. Until then, trade wisely, guys......

Below is the H4 chart as 5 pm Malaysia.


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