There're still more sellers | 23 August 2018

Wave Analysis

The previous day's candle was a perfect bearish pin bar candle, and as we said previously, we expect a possible momentum towards 5000.00. If you're not short already, you can still look for short positions now, but place your stop loss above the previous day's highest high. The anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below the lower trend but should not go beyond 5k. This view can only be invalidated in case the price breaks above the upper trendline.

Trade Recommendations:

We're short towards the lower trendline

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.