We have already tested several times the support of 570's we might now have used up all of the buyers support there and might start a downturn without any support until 500.If we closed just below the ichimokou cloud, we might have confirmation of a new downturn in the short term.
I'm opening a Short position, trying to catch the move, but keeping a tight stop to avoid any sudden upward spikes.
General market sentiment seems to be slightly bearish as buyers seem exhausted from the previous market wide bullrun.
Let's wait and see
I'm opening a Short position, trying to catch the move, but keeping a tight stop to avoid any sudden upward spikes.
General market sentiment seems to be slightly bearish as buyers seem exhausted from the previous market wide bullrun.
Let's wait and see