Strong Bearish Signal: The price continued falling, so that we can state that the downtrend is going on. Moreover, the large negative delta implies that sellers are stiil prevailing the market. Volume Zones: Besides it, we need to point out the new volume level of resistance 0.6885. Sentiment: This indicator shows that 94% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). https://d.radikal.ru/d36/1906/71/adfe8b6cd5c4.png Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance. Profit Potential: More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -