Formation “Hanging Man” shows that brief upward momentum diminished;
Тhereafter – 5 bars of consolidation;
MA 50, 100 and 200 show that the prevailing sentiment in the market are sell;
In test the resistance level at 51.32 (touching MA50) will have adequate possibility for Short;
The last devouring bar warns for risk – SL near by;
Volatility (week) = 2,07%; price is slightly above the average 52W Range 40.40 – 59.22.