shorting the F40 index ,
technicals - inside of the channel, 3 touches top, also formed a tripple top,
Fundementals - performances of indexs slightly lower, some of the higher IV's is what will bring the index down. expecting -8% for resistance,
Hi Guys the FR40 is finally completing the B wave of a bigger flat correction, I have been tracking it for a while , I am anticipating it to break the top before a reversal to the downside.
*Wait for flag then sell the breakout once the trend is broken.
Trade with care
Thank you for your support
Price is stalling in significant resistance zone. Consolidation after exhaustive bull run.
Looking for a fast breakdown moving away from the entry similar to last drop from previous swing high.
-strong uptrend since end of December
-price is near long term resistance line and retraced already three times from this line
-price retraced already from upper up channel trend line
-all indicators showing bearish correction incoming
-wait for clear short confirmation before entering this trade
good luck to all and have a nice weekend !
1. Prior consolidation before strong up move, shows hidden selling activities at this region - buyerswill be likely to defend their positions at this level
2. Strong uptrend move – aggression of the buyers shown
3. Prior resistance turned support level
Our Trade Setup will be:
NourCapital - Tracking Smart Money...
Renko chart shows support, bouncing from it will send the value to the closest resistance with good gains on midterm-longterm.
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