I see an opportunity for a smart buy trade. Targets unclear since things can drop further down to SMA20, 50. I expect one can make some profits. There is still some minor consolidation going on within this 4H bearish trend. See the signal line on the MACD curve. However, we need confirmation of several things, which have been annotated on this chart. If you want to follow this 4H Chart, you may replicate it at your end and see if you can find a good long entry point in coming hours. I would be using my golden rule: wait for 3 Heikin Ashi candles to invst.ly/6v50r,,,nn..if I don't see it, i stay neutral.
Comment:
Let it drop a bit further & trust MACD for this time. The lines aren't joined yet. But yes we still need to see around 24hrs (see my FIB levels plus a time scale) what happens & where is the entry.
Comment:
Confirmed with drop. Now we just need to wait for a suitable entry point to buy or go long
Trade active:
Since the fib 21 line passed, I am long and holding. SL will be tight in this case.
Comment:
Stopped with tight SL. Awaiting short below 8200 and long above 9500.
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Confirmed time prediction