Price reached 600 level and probably we'll see reversal and following down movement. In spite of MACD
rises and shows up movement, ADX
falls and we don't have confirmation from DMI
. If we have a bearish
candle, it will be a signal for reversal from the resistance level
confirmation. We'll have to wait when MACD
reverses and starts falling. It will be a signal for opening short trades based on the daily and hourly charts. Profit target for short trades is 500 level.