The Dow breaking records, time to rest now?

6 lis 2019

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!

7 lis 2019

Uwaga

WOW ... the price just shaved below the SL level. The momentum has reversed for now but in the world of trading anything can happen. :)

14 lis 2019

Transakcja zakończona: osiągnięto poziom stop

Screenshot ibb.co/PDrqyXM