Break out or false extreme on high volume? Still short.

27 ก.ค. 2018

The latest price action has marginally broken the Lower High limit on the 1D Channel Down (RSI = 44.637 but on neutral ADX, CCI, MACD, Highs/Lows). However, this (minor) break-out is so far on a Lower High scale and can be a falst break-out based on larger volumes. It is more probable to re-enter the 1D Channel Down as 4H suggests (STOCH = 24.684, STOCHRSI = 3.686) than to break higher. TP still 0.030110 (March 09 contact point) with 0.023083 in extension.