I didn't place it on friday but I took small short sale position before NY close.
Sound absurd and stupid as I do not leave open transactions to the weekend but situation at the time was fairly obvious for me - lets launch it from the top.
Weekly:
Looking at PA it's extremely tough to say anything regarding ED atm, a very neutral chart. Last week has been generally bullish with 2620 level rejected for the second time - which got its reflection in long upper shadow.
Daily:
I had been hoping for beautiful evening star pattern but again friday action showed a lot of confusion and lack of clear leadership in the market
CCI suggesting additional pressure from sellers
H4/H1:
We've HS in the making. Even though I am short atm I wish to visit a bounce up to 1,2628/40 place for a perfect entrance - ideally backed up by some wonderful candle formation.
For now seems like a consolidation is in fav with 1,2620 resistance and 1,2444 as a temp support over considerably bigger and more significant 1,2300