An update to my previous idea. The problems in the economy are still here and have become even worse in the last couple of weeks, so we will most likely see a further decline very soon. The downtrend is still present, the key levels are 4400 and 4600. At the moment I have a short position from the level 4400, SL 4450, TP 4200-4100. If we go higher, I might short 4600.
Trade active:
shorted @ 4600
Comment:
I think from here (4600) the index will only go down. I don't rly see any reason to go up in the upcoming months.
Trade closed: target reached:
closed the entire position @ 4100