Downtrend Back Again on IBOVESPA
Updated
After a nice rally (see related idea), downtrend back again on IBOVESPA
Signs:
-Hook and crossover on overbought region of StochasticRSI;
-MD down closed on RSI (white circles);
-Marubozu candle at top of rally, followed by bearish candle indicating exhausted rally;
-Price hit a conjunction of important trend lines, on a region of resistance;
Signs:
-Hook and crossover on overbought region of StochasticRSI;
-MD down closed on RSI (white circles);
-Marubozu candle at top of rally, followed by bearish candle indicating exhausted rally;
-Price hit a conjunction of important trend lines, on a region of resistance;
Comment
The green dashed line on chart above should be floor for a pullback, a good moment to cover shorts; So far, its been a very profitable short. Trade closed manually
covering short at 8190, dangerous move up today. stay out for while.Trade active
trying other short entry today.Comment
After i had been stopped, and Bovespa had rally, breaking the white channel on madness of brexit event, finally i think we have another opportunity to go short. S&P 500 futures just gaped down, oil is down and the crossover e hook down of stochrsi are back, as is the RSI MD as well. Targets are shown in chart below:Trade closed manually
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