Hello friends! We last time well stitched, but the price did not fulfill all our take profits.
Now we see again the opportunity for a short since the price began to grow even without volume, and this is a very bad sign. The price has already been rising for a long time in a globally descending market, and the last spurt was without volume.
In order not to exaggerate the topic for a long time: the indicators turned down, at least in the medium term. But while the price is kept on support, it does not fall sharply down. As soon as the volume appears or there is a fixation under the support, then you can wait for the cue ball at 3800-3770 (the first possible stop).
Among other things, a divergence is formed on the Chande indicator, and the diverters work there very often. And, of course, the gaps at CME want to be closed, they are also pulling the price down.
In general, we observe the next 4-8 hours for the price. If you manage to hold onto support by a miracle, then there is a chance for another sluggish tug up. The VIP guys and I scored shorts from 4140 and higher, so we stand with a stop in the control unit, but if the price stays on support, then we will just cover part of our position.
All successful bid and we will welcome your ideas in the comments!
Now we see again the opportunity for a short since the price began to grow even without volume, and this is a very bad sign. The price has already been rising for a long time in a globally descending market, and the last spurt was without volume.
In order not to exaggerate the topic for a long time: the indicators turned down, at least in the medium term. But while the price is kept on support, it does not fall sharply down. As soon as the volume appears or there is a fixation under the support, then you can wait for the cue ball at 3800-3770 (the first possible stop).
Among other things, a divergence is formed on the Chande indicator, and the diverters work there very often. And, of course, the gaps at CME want to be closed, they are also pulling the price down.
In general, we observe the next 4-8 hours for the price. If you manage to hold onto support by a miracle, then there is a chance for another sluggish tug up. The VIP guys and I scored shorts from 4140 and higher, so we stand with a stop in the control unit, but if the price stays on support, then we will just cover part of our position.
All successful bid and we will welcome your ideas in the comments!
