New Divergence and Entry Level
Bearish divergence was formed by MACD and RSI on 4H chart. ADX starts falling and allows open short trades. The entry level could be below the low of this bearish candle, but I offer to open a short trade when we have solid argument for down movement. And new entry level can be below the support level of the range which we see for several days. If price breaks it, probably it will be a beginning of correction wave on daily chart. Wait for the bearish candle closing below 4767 and place a pending order below the low of this candle. Stop order can be placed above 4813 and target 4700.
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