30min TF : 1. Price break resistance and test supply zone and push back below the resistance. 2. Price break uptrend channel. Indicate SW for 30min or change the trend. 3. MACD shows bearish divergence.
If the price goes for bearish divergence, possible to close the gap and target to be around 3860.
As expected, 30min bearish divergence in progress. For now, this is expected downtrend channel
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Entry 1min. Early opening market price movement always will react will EMA12 1min TF. This is the example chance to enter market using EMA12
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Again, price retest and reject EMA12 1min. We can entry with a small SL. Target profit when price reach lower channel
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Last entry hit SL 6 tick because price not respect EMA12 1min. Now price testing EMA12 5min, we can monitor 5min chart now for signal.
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Price break EMA12 5min but not break any major structure yet. This indicates downtrend movement is still intact.
Price test and reject EMA50 before market close. If the price still respects EMA50, a high chance of downward movement still intact to test at least the bottom channel
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Good chance to entry short. Price break EMA50 and immediately bring back below EMA50. This indicates a strong seller. However, there is a chance of market SW if EMA50 flattens.
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Price break EMA50 again indicate SW. If price want to go down, must be sustain below EMA12
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Price respect EMA12+EMA50 = Uptrend EMA12 cross up EMA50 = change trend/SW EMA12+EMA50 is flatten = SW
My plan : 1. i will short if price sustain below EMA12 and cross below 3960 2. Buy if price break above 3994 and sustain.
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Price break high. Now retest EMA50 as signal.
Check 1min TF to find any entry
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Price rejects EMA50 Morning star candlestick pattern