We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages.
Daily Market Analysis
The upper "Window" acted as resistance, so we've got an "Engulfing" on this level. At the same time, there's a "Doji".
There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means...
There's a developing "Rising Wedge". The price is testing the lower side of this pattern.
There's a "Double Bottom", which has been confirmed. In this case, bulls are likely going to reach the closest resistance.
Recommendations: BUY 1,291 SL 1,2855 TP1 1,291 TP2 1,294, SELL 1,264 SL 1,2695 TP1 1,251, TP2 1,245…