Dash Trading Idea

Double Top chart pattern and a bearish divergence give a solid signal that the market has potential for downward movement. We can see that price is at MA50 which is a possible reversal line. But we don't have fundamental support for the market and probably we'll see further falling. MACD histogram confirms downward movement. We have to focus on a reversal zone which is formed by MA100 and 140.00 support level. If the market bounces from this zone, we'll have good buy opportunity. RSI will have to confirm price reversal. MACD will have to reverse and support the upward movement too. DMI confirms range market conditions now, and we should not expect for strong price movements. But the downward slide of the market to the reversal zone, it's possible and we'll have to be ready open long trades based on a confirmed reversal signal.