If you refer to my previous post below, GJ has followed our plan pretty precisely after creating a head and shoulders pattern. It recently tagged our first area of potential reversal where I closed half of short position from 150.998. I don't use indicators for the most part, but I do reference them from time to time to gauge price momentum. There's bullish divergence on the 4hr chart's RSI and although price has pushed lower several times making new lows, it has failed to have a close below the previous low of 149.28ish. The most recent 4hr candle was rejected off our initial target levels and closed as an indecisive bullish candle. I do believe price will retest the 147-148 zone eventually, but I wouldn't be surprised to see some type of retracement. Charts will be updated and posted in the comments below.
