What else gives a warning signal? Daily MACD close to a bearish cross, DMI negative on both time frames, Slow Stoch bearish on both time frames.
Now it worths to watch even one lower time frame, the 1 Hr chart. Price is consolidating in the Kumo there, looking for a breakout. Levels are pretty clean. If you decide to open a short already now, you can place stops to 9575. But really the decisive bearish break would take place below 9480 and most importantly 9435! In this case tgts will be first 9300 and second 9000.
Watch it carefully as this can be a very good risk reward trade!
Комментарии
dib309mar
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Tks for your opinion to avoide mistake today a just watch or at leas try a short.
Kumowizard
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I don't know if it is too early to short or not, but today European stocks price action is worrysome, plus again Nasdaq100 is still very weak. Somehow I feel there is a bigger chance for the general bearish move (correction) to unfold. If you go short, use tight stops. That's what I do as well. Or maybe you can buy some put options for May or June maturity.