Preliminary Short Signal Given
We see in the most recent weeks the 4 Day MA cross over of 9 Day MA - Awaiting for next several closes to confirm bear trend before taking position.
For bear reversal confirmation both 4-Day and 9-Day SMA needs to cross down over 18 to confirm reversal; also, ADX in DMI should be accellerating in either direction to confirm strength of bearish breakout.
For bear reversal confirmation both 4-Day and 9-Day SMA needs to cross down over 18 to confirm reversal; also, ADX in DMI should be accellerating in either direction to confirm strength of bearish breakout.
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