A bearish trend is applicable.
The ideal short entry is around 5000.
Increase the short exposure for a break below 4900.
The target price is set 4700.
The stop-loss is set at 5100.
A likelihood that a mean reverting trade might unfold.
Quite a few ETF's have entered a period of consolidation after a period of expansion. The Sygnia Itrix MSCI World Index ETF is one of those. After periods of expansion, comes periods of consolidation. Periods of consolidation can be followed by either a period of contraction or further expansion. Very difficult to tell how long this period of consolidation will...
