Why I am planning to Short,
3 Reasons -
W,D,H4 - downtrend,
Pattern - Going in I.C.I pattern in Daily (if recognised right)
Broke Strong Support line and turned resistance
When would I enter (need to confirm 4 things through indicator on H4)
Bollinger bands (below SDdev)
EMA 10 below EMA 20 (means bearish ) and structure below 10 EMA
When MACD in bearish
When Stoch inside 80
ATR starts falling (already) - good point
RSI inside (already) - good point
If I am wrong somewhere please tell me and If you like my theory and analysis Please follow me and like this idea to get it on top
3 Reasons -
W,D,H4 - downtrend,
Pattern - Going in I.C.I pattern in Daily (if recognised right)
Broke Strong Support line and turned resistance
When would I enter (need to confirm 4 things through indicator on H4)
Bollinger bands (below SDdev)
EMA 10 below EMA 20 (means bearish ) and structure below 10 EMA
When MACD in bearish
When Stoch inside 80
ATR starts falling (already) - good point
RSI inside (already) - good point
If I am wrong somewhere please tell me and If you like my theory and analysis Please follow me and like this idea to get it on top
Commento:
MACD is bearish too
Commento:
Stock entered 80
Commento:
sorry Not MACD, still is till bullish.
Commento:
macd bearish
sma bearish
structure below sma
place your near resistance and support at H4
sma bearish
structure below sma
place your near resistance and support at H4