The intermediate term uptrend from last one month has ended as it failed to reach new high
A tentative down trend is intiated with lower highs and a formation of lower highs complete potential down trend ,wait for the lower low tomorrow and take short position in the pullback after
Lower low in macd line indicates strong momentum downside,so more likely to go lower
Take short position in the pullback after the new low to increase reward to risk ratio
A tentative down trend is intiated with lower highs and a formation of lower highs complete potential down trend ,wait for the lower low tomorrow and take short position in the pullback after
Lower low in macd line indicates strong momentum downside,so more likely to go lower
Take short position in the pullback after the new low to increase reward to risk ratio