Going to go short on this one

7 ก.ย. 2021

At first, I didn't see any possible trades here, but after drawing the bearish trendline on the 4 hourly charts, I found the big reversal move is going to happen and we just need the price to retest the resistance and go down from there. I really want to be the premium member, because they have unlimited alerts).

7 ก.ย. 2021

บันทึก

And I forgot to mention the two indicators, MACD is giving the short signal, while the market sentiment is showing that buyers are losing strength as we can see it's slowly changing to red.

7 ก.ย. 2021

บันทึก

There is one more thing that's against my prediction, it's the higher low from the last biggest market move. It could actually mean that the bearish trend is over and we're probably in a bullish or consolidation period at this moment. Anyways I'll stick with the prediction, and we'll see how it goes.