H4
Daily
What to do now?
- Strong and Strong bearish momentum indicated by MACD
- Out break of ascending channel and currently retesting the upward trendline resistance
- lower high and lower low was formed, it shows a bearish signal
Daily
- Trading at top of the symmetrical triangle pattern
- Histogram of MACD was formed under 0 level, it showing a bearish momentum was stronger than bullish momentum
- Golden cross of MACD line and Signal line above the MACD indicator chart
What to do now?
- I strongly recommend Short the market immediately
- The risk and reward ratio will be 1:1.5
- Do your proper risk management
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.
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.