IQ - Quick Short

20 ส.ค. 2018

I entered a short position at 28.75 where it is having a double top. There is a large bubble formed due to the steep up trend developed today. I think the down trend resistance here at 28.75-29.00 alongside 30 resistance should bring in some profit takers giving a little AM dip tomorrow. This is also confirmed by bearish divergence formed on the MACD histogram and the higher highs formed on the candles. Also, the bubble should pop to at least 27.50. This will be a pivot point showing if bulls will keep momentum or if this will lose all the gains and fall back to 25.00. I am looking for a quick exit anywhere between 27-28.