Approximately a month ago we had a nice catch of a top and a short counter trend trade, which both outright and through put options was quite quickly profitable.
If you remember, in the last comment of the previous trade idea I called the attention in time to close the bearish positions, as the major trend was/is still up. Last Friday's and especially today's...
This post is rather an observation than a trade idea.
While the trend and daily Ichimoku setup is massive bullish, I think these are tipical signals of a possible short term trend exhaustion, when one being long should think about taking partial profit:
- Daily MACD turning down
- Slow Stoch turning down
- DI+ line crosses the ADX at high level
- pin bars and...
