This Instrument has a good chance to go to a new high, I cant add moving average or many other indicators since not enough data.
So I use Price Structure to find out the support and resistance and Fibonacci Extention levels.
Google on a very high price and 10 different indicators that I use tell me it will go down from here
I use big stop loss so I can hold a sneak attack and take that big down move to the take profit.
I also see how sooner than later we will hear the Fed reduce his support or some other news that will help this and all markets to make some big down movement...
Long positions entered at DAILY SMA600 and they close a big part of the Profit at Daily SMA300
So I expect a down move next week before the up move can continue.
Also, there are more 4 indicators like Bollinger Band, Stochastic Oscillator that show that next week needs to be some down movement, the stop loss I suggest is big enough to handle a sneak attack to a...
SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support.
All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of...
NZDUSD Short Fibonacci extension level + False break of Pattern
Price goes up a lot at this looks to me like a false break since there are around 10 different indicators that tell me this will go down on the open next week.
NASDAQ100 AT STRONG SMA800 SUPPORT
The odds said that price will not make another 1:1 down movement so stop loss and take profit are big.
This trade has a high success rate, also FED and other central banks action are helping this position
SP500 DAILY MEGAPHONE PATTERN FOR SHORT LIKE IN the YEAR 2008
If you look at the year2008 top before the crash was the same pattern
+Virus+Fed Warning of virus impact+Repo market reduces last Friday+Iraq attack a few hours ago.
+There is open Gaps at 3170 at 3050 at 2940.
Take profit 2 at Daily SMA300