1. Yesterday have bullish pennant formation. 2. Today morning open price hit TP with 1:1 for pennant formation 3. Bearish momentum strong 4. Possible formation of bearish pennant as long as not break the bearish engulfing pattern.
Target TP is 120point.
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Break the pattern.. invalidated pennant
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Market Sideway.. let see which side price choose. Strong bearish CS indicates price biased towards a downtrend.