DO NOT BUY AT CURRENT LEVELS. BE PATIENT AT WAIT FOR THE SUPPORT OR TRENDLINE. PRICES MAY NEVER FALL TO THOSE LEVELS BUT PATIENCE IS A VIRTUE TRADERS MUST CULTIVATE.
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One of gambler's paradise legs is at the wrong place (support) sorry can't edit it. Hahaha
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The trendline was not tested. The bearish move down is strong, no bar has broken higher. Wise to wait for support or change in price action to form bullish view.
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An Engulfing Bar formed on 6th Aug. However, It didn't close strong enough to merit an entry. Will let this pass.