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.
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- According to the Trading Activity indicator, there is a lot of Bullish activity near the resistance level. They are probably waiting for the level to be broken down.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
