$TIA
Contract short position code: tia
The head and shoulders pattern on the hourly chart is too evident. Bullish momentum is weakening.
The four-hour trend quickly rebounded and tested resistance after breaking the neck support at 7.4, with weakened energy.
Be cautious of the risk of a downward trend. Enter a short position at the current price of 7.17. Add to the position at 7.4 and set a stop loss at 7.7. First target is 6.3.