STC signals the time has come to look for a SHORT entry point.
Roïd BB is the OB zone and has not turned down yet, so no short signal there but since STC has already been in its OB zone for quite some time, it is only confirmation that the bullish momentum is starting to wane. Also, price is pushing away from top Bollinger band.
At the moment, it is only a guess where the price is going to find decisive rsst. So for now, I can only identify the zone between 115.60 and 116.16 as presenting various different level where to enter short from.
Roïd BB is the OB zone and has not turned down yet, so no short signal there but since STC has already been in its OB zone for quite some time, it is only confirmation that the bullish momentum is starting to wane. Also, price is pushing away from top Bollinger band.
At the moment, it is only a guess where the price is going to find decisive rsst. So for now, I can only identify the zone between 115.60 and 116.16 as presenting various different level where to enter short from.
Comment:
TP reached.
