f1l1per.
Short

Downtrend Back Again on IBOVESPA

BMFBOVESPA:IBXL   IBRX 50
9 months ago
After a nice rally (see related idea), downtrend back again on IBOVESPA            

Signs:

-Hook and crossover on overbought region of StochasticRSI;
-MD down closed on RSI (white circles);
-Marubozu candle at top of rally, followed by bearish candle indicating exhausted rally;
-Price hit a conjunction of important trend lines , on a region of resistance;
9 months ago
Comment: The green dashed line on chart above should be floor for a pullback, a good moment to cover shorts; So far, its been a very profitable short.
snapshot
9 months ago
Trade closed manually: covering short at 8190, dangerous move up today. stay out for while.

snapshot
9 months ago
Trade active: trying other short entry today.
9 months ago
Comment: After i had been stopped, and Bovespa had rally, breaking the white channel on madness of brexit event, finally i think we have another opportunity to go short. S&P 500 futures just gaped down, oil is down and the crossover e hook down of stochrsi are back, as is the RSI MD as well. Targets are shown in chart below:
snapshot
8 months ago
Trade closed manually
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