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;
Note
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.Note
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.