Hope you had taken Scenario 2 test of breakdown area 15138-15511 short.
Possible scenario: 1) Continued short per possible bear flag 2) If market hits longer term support channel (black dash), >> support = long >> breakdown + test and reject = short
Price Reaction Levels Short on Test and reject | Long on Test and Accept
16042 15511 14635 13960 *Longer term: 13350 support must hold for long trend to be intact.
Price/Volume/Trend Analysis: Weekly: Higher ave vol up bar close at lower half of bar (S>D) Daily: Ave vol up bar close toward high (D>S) *NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only. Have a profitable trading week.