Reasons are many...
1. Downward cross of the 50 EMA & 100 EMA
2. Downward cross of the 100 EMA & 200 EMA
3. Break-out of the 68% Fib. level
4. Continuous lower highs
Thus, it is clear that should be short in any upward movement. The next potential reversal price is the 78.6% level Fib. which is 5400. Until then, no good news...
Always do your own research before trading.
Good Luck!
1. Downward cross of the 50 EMA & 100 EMA
2. Downward cross of the 100 EMA & 200 EMA
3. Break-out of the 68% Fib. level
4. Continuous lower highs
Thus, it is clear that should be short in any upward movement. The next potential reversal price is the 78.6% level Fib. which is 5400. Until then, no good news...
Always do your own research before trading.
Good Luck!
