A “Three Methods” pattern arrived last Friday, which led to the new “Window” this morning. However, there’s a possible “Engulfing” at the local high, so the market is likely going to decline towards the “Window’s” lower side. As we can see on the Daily chart, here’s a strong support, so bulls will probably try to move on in the short term.
We’ve got an “Evening Star” on the local “Window”, which has been confirmed. Therefore, a downward correction becomes possible during the day. The main target for bears is the today’s “Window”.