<< May 2018
Wednesday 27th
Still amazed by the speed of the movement, the Double Top was clearly in play!
Price broke the PM Low, retraced the day after and retook the bearish trend on Monday with a very aggresive move.
The question now is: will it go now towards the PW Low to then resume its way dow to end of March levels or is the downtrend ending?
I’d like to hear your views on which signals should we look for in order to make the most of such a nice price action!
Thursday 21st
It looks like the market likes to play with fire.
Faster than expected at the beginning of the week and helped by concerns over a trade war between US and China, price is now playing around the Previous Month Low (PM Low).
It might not be today, and it might not happen at all, but a Double Top could have formed days ago at the 13167.3 level (base of a daily equidistant zone), and if prices manage to close below the PM Low level, further weakness might be seen in the market, at least until reaching the 12283.7 area, where price retook a bullish trend near the end of April.
I would like to see a rebound today in order to consolidate price and then a nice way down to end of April levels.
Friday 15th
This might have been the move. The trend upwards is looking solid, we should see how price interacts with the 13103.4 level.
The World Cup is calling me. It was a very profitable day for me as I caught the whole trend down, so I will call it a day!
Have a good weekend.
Alex
If it manages to break the 13103.4, fasten your seatbelts because I expect it to go all the way down to the 12975.4 level, that is, to the bottom of the hourly equidistant structure.
I expect a move upwards before going down to break the resistance at the 13103.4 level, possibly to 15ema or Yes Close/Open levels!
Happy trading 
Alex