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_AU79888_
Jul 11, 2016 3:15 AM

selling ceiling forming *possibly* Short

S&P 500 index of US listed sharesFXCM

Description

price hasn't closed above the down trending inverted hammer

there is a morning star downtrend that bounced from support

the long uptrend has been broken.

if there is a daily reversal pattern, I'd wait for the next down trend to unfold.

then look for entries around the highs where the downtrend started.

at 3 touches to those highs, I'd look for reversals on 4hr and up.

Ty
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