Markets, for now, seem to be in a state of mild disappointment over the final outcomes of the Trump-Putin meeting.
The White House stated after the meeting that "many points were agreed upon." It quotes Trump's words that "today we made significant progress."
At the same time, the media, citing the White House, reports that the lunch between the US and Russian delegations has been canceled, and Trump is returning to Washington. This is, in fact, the second negative regarding the meeting after Trump's words that a deal has not been reached for now.
In other respects, the parties are demonstrating optimism regarding the outcome of the negotiations. One of the key points is Trump's words before the meeting that this meeting is an "introductory" one. The next one will be "more productive." Trump himself indicated that the next meeting will likely take place "very soon."
Meanwhile, global media emphasizes that nothing was said about the prospects for a ceasefire on the battlefields of Ukraine at the end of the meeting.
Summarizing the outcome in the form of a further action plan - we are considering the possibility of starting a short position 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. And there is already a downtrend on the 5-minute timeframe.
The breakout of the trend with ATH occurred, the "Dragon" pattern was formed. But now it is under the threat of a breakdown.
The current price sets the likelihood of a sustained 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 for now, from which it bounced back yesterday.
