WTI dropped from 52.00 level and gave us several sell signals. You can see how Ichimoku indicator should be used for searching trading opportunities. I marked entry levels for possible short trades. We could sell everytime when price bounces from Tenkan and Kijun lines. RSI and candlestick patterns could confirm price reversal. DMI showed trend market conditions and allowed trading. Please, note one thing, Ichimoku is trend indicator. It can give good signals in trend market conditions. That's why my trading strategy includes both indicators for getting better results.
How to trade based on Sunrise Trading Strategy you can read in my posts on TradingView: , , and .
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so around the 44.46 level would be a good short entry?
DLavrov
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@IsaacLow, yes, but at the same time probably we'll see a bullish divergence near the strong support level. That's why it's better to wait when price drops below 44.00 level.
samikhan1122
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@DLavrov, Sir if we short below 44 so whats the stoploss?