(Click on the chart to enlarge it)Last week, after prices broke down the lower trendline of a Symmetrical Triangle on July 07th, a strong Bearish trend resumed. Prices found support on May 18th´s low at 127.03, just in order to do a Bullish correction to what it seems a throwback to this very same lower trendline of this major Symmetrical Triangle.
This strongly configures that a significant Bearish trend is about to resume.
A Classic Double-Top at the 30-Minute chart (not shown here...) last Friday also favours the Bears.
If the attached chart is a 5-minute one I´d definitely sell. But as it is the Daily chart my stop would be too large (I´m a Day Trader...), so I´ll wait for better confirmations.
So my strategy for the next week is:
*) SELL below 132.50. Add lots at break 131.70 and 131.40
*) BUY break of 134.20 in case I´m wrong and Bulls take control
