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

August 23, 2021 5:21:52 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.3740)
Aug. 23, 2021

-60 p
Stop Loss
+65 p
Target 1
+90 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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.3615, and the second one, in case of an active price decrease, is at the level - 1.359
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