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

July 8, 2019 7:11:55 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (1.2570)
Jul. 8, 2019
Jul. 15, 2019

-140 p
Stop Loss
+180 p
Target 1
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 Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
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