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The market has stabilized, the first signs of a downtrend appeared

June 3, 2019 6:10:15 PM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (0.6955)
Jun. 3, 2019
Jun. 10, 2019

-90 p
Stop Loss
+110 p
Target 1
+165 p
Target 2
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
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