double trouble for the bulls???

A confirmed hanging man and an abandoned baby candlestick formations has developed on the weekly and daily charts respectively - a rare occasion where both the weekly and daily timeframes are in tandem to show that the bulls are currently in a double trouble situation. In my humble opinion, there is a high probability that the the 140.90 minor support could easily be broken and the price could drop further to test the next support level at 138.20 area.

Let's see what the market has in store for us next week.


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