The priority level indicated earlier has been broken. The balance goes down and we have a bear impulse.
This impulse is based on buyers' market stops. Where will be the bottom? It's difficult to determine, because the BCD has no historical data below. For now we see a strong price rejection on level 0220.
Also on intraday chart we can see a small bull initiative with the retest on 0230 - this level can be used for buy positions too. But you need to buy carefully and do not forget about the risks. Now the most important thing is not to panic.
Buy: 0230 (after breakout)
Take Profit1: 0252
Take Profit2: 0263
Re-Enter: 0220
Take Profit1: 0240
Take Profit2: 0252
Take Profit3: 0263
Final Outlook: Bear impulse
Final Signal: Buy from new support level 0220
This impulse is based on buyers' market stops. Where will be the bottom? It's difficult to determine, because the BCD has no historical data below. For now we see a strong price rejection on level 0220.
Also on intraday chart we can see a small bull initiative with the retest on 0230 - this level can be used for buy positions too. But you need to buy carefully and do not forget about the risks. Now the most important thing is not to panic.
Buy: 0230 (after breakout)
Take Profit1: 0252
Take Profit2: 0263
Re-Enter: 0220
Take Profit1: 0240
Take Profit2: 0252
Take Profit3: 0263
Final Outlook: Bear impulse
Final Signal: Buy from new support level 0220
Comment:
Update 11/16/2018
Trade closed: stop reached