The Dow breaking records, time to rest now?
SHORT - US30USD
SL: 27754.3 (Suggested by our algorithmic system)
TP: 26771.6
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. RSI and CCI indicators show bearish divergence.
3. MACD is indicating weakness in momentum.
CAUTION: Technical analysis is on the 1 Hour Timeframe which is not that reliable.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Blue Rectangle: Next Strong Supporting Level
Purple Line: Stoploss suggestion from our algorithmic system
Green Line: Take Profit suggestion from our algorithmic system
Red Arrow: Bearish Divergence
Screenshot of our mobile app alert: ibb.co/0jZ8sYK (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
SL: 27754.3 (Suggested by our algorithmic system)
TP: 26771.6
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. RSI and CCI indicators show bearish divergence.
3. MACD is indicating weakness in momentum.
CAUTION: Technical analysis is on the 1 Hour Timeframe which is not that reliable.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Blue Rectangle: Next Strong Supporting Level
Purple Line: Stoploss suggestion from our algorithmic system
Green Line: Take Profit suggestion from our algorithmic system
Red Arrow: Bearish Divergence
Screenshot of our mobile app alert: ibb.co/0jZ8sYK (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
Nota
WOW ... the price just shaved below the SL level. The momentum has reversed for now but in the world of trading anything can happen. :)Trade chiuso: stop raggiunto
Screenshot ibb.co/PDrqyXM
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.