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

November 8, 2019 7:17:02 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (1.6247)
Nov. 8, 2019
Nov. 15, 2019

-200 p
Stop Loss
+195 p
Target 1
Chart & Analyst Comments

The downwards scenario is quite obvious, but the presence of a large number of "fellow travelers" will not allow the price to immediately go down. We expect a false move up and afterwards set up a Sell Limit.

  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. Analyzing the positions ratio, we see that most traders are currently in Longs, which also combined with the original idea.
  3. There is an increase in Sell Orders when the price attempts to move down. We expect an upward movement to eliminate the accumulated sellers. We recommend to set Sell Limit at 1.615.
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