Looking back in history bad things happened whenever 100 EMA crosses down through the 200 EMA. Major correction is likely gonna be ahead. During the century such a situation was observed 21 times, and in 20 cases it triggered a big sell-off.
The reversal may likely happen below the 200 EMA, but compared to the situation in 2015 price could also continue to rally above 200 EMA, will then consolidate and eventually plunge heavily.
I stay focused to enter my bearish position. Just for the time being, I am cautious and trade a small long position here.
Big resistance ahead (trend line, 200 EMA + 63.8% Fibonacci retracement)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
The reversal may likely happen below the 200 EMA, but compared to the situation in 2015 price could also continue to rally above 200 EMA, will then consolidate and eventually plunge heavily.
I stay focused to enter my bearish position. Just for the time being, I am cautious and trade a small long position here.
Big resistance ahead (trend line, 200 EMA + 63.8% Fibonacci retracement)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
Trade active:
Just closed my small long position and switched back to short-selling today morning after Futures drop. I am already breakeven. Big position opened.
Trade closed: target reached:
I closed my short position. Big news is coming by Apple and the FED. Too risky to stay in the market. I am gonna enter a new position once news are out.
Comment:
Blowoff reached? Just stay away from this crazy FOMO market.
Comment:
Short position not reopened. Many shorts need to hedge their position for positive delta. Look at price movement yesterday before the bell.
Comment:
Heroin for the market ... I am still waiting for a sign of correction.