next week possible outlook

As I mentioned earlier here, the falling three methods has already been confirmed on the weekly chart. This pattern is a highly reliable indication that the trend would continue downwards.

However, I will stay out and wait for the price to retract upwards before adding more sell positions. Looking at the H4 chart, I would say that the beast would retrace up to 138-139 area before going down again -maybe to 131.xx region.

Remember the golden rule - In a bear market, SELL ALL THE RALLIES!!!!

Below is the weekly and H4 chart as of this weekend.


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