H4
Daily
What to do now?
- Strong and Strong bearish momentum indicated by MACD
- Out break of ascending channel and currently retesting the upward trendline resistance
- lower high and lower low was formed, it shows a bearish signal
Daily
- Trading at top of the symmetrical triangle pattern
- Histogram of MACD was formed under 0 level, it showing a bearish momentum was stronger than bullish momentum
- Golden cross of MACD line and Signal line above the MACD indicator chart
What to do now?
- I strongly recommend Short the market immediately
- The risk and reward ratio will be 1:1.5
- Do your proper risk management