Markets, for now, seem to be in a state of mild disappointment regarding the final outcomes of the Trump-Putin meeting.
The White House, following the meeting of the president, stated that "many points have been agreed upon." It quotes Trump's words that "today we achieved significant progress."
Meanwhile, media citing the White House report that the lunch between the U.S. and Russian delegations has been canceled, and Trump is returning to Washington. Negotiations in an expanded format with U.S. and Russian delegations have likely also been canceled, writes the Wall Street Journal. This is, in fact, the second negative regarding the meeting after Trump's words that no deal has been reached at this time.
In other respects, the parties demonstrate optimism following the negotiations. One of the key points is Trump's words before the meeting that this meeting is an "introductory" one. And the next one will be "more productive." Trump himself indicated that the next meeting will likely take place "very soon."
Global media, in the meantime, emphasize that nothing was said about the prospects for a ceasefire in the combat zones of Ukraine as a result of the meeting.
Summarizing in the form of a further action plan - we are considering the possibility of starting to short if the price falls back into a sustained downtrend on the 15-minute timeframe. For now, the price is around the potential breakdown level of the uptrend, $117,126. There is already a downtrend on the 5-minute timeframe.
The breakout of the trend line with the ATH occurred, the "Dragon" pattern has been formed. But now it is under threat of a breakdown.
The current price suggests the likelihood of a sustainable downtrend on the 6-hour timeframe in less than 10 minutes. The price is hitting the EMA 50 of the 12-hour timeframe as the key support right now, from which it bounced back yesterday.
