distance below it's ema50(OBV). Still in a minor bear channel with MACD marginally bearish. Though a few bulls have stepped in lately. Notice the green MA how it is currently above the last candle? It is bearish until the green MA crosses below it for a few bars. At that point, it will be reevaluated again for a potential long set up. Obey your rules.
What is your stop on your short position? It looks like it was a short up near 185 when the momentum shifted down? Downside targets?
tradearcher
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Stop near ema50. If overall market sentiment is bearish, then potentially it could retest 150.76 roughly for support. Otherwise if sentiment is bullish, then it may test the upper half of the bearish channel.
Also on June 4th, I called for a bearish move, like the following post, near 185.