4-часовой таймфрейм
.gif)
Overview:
The sideways movement keeps on. However, we have a sell signal with an aim of 91,26. The signal by far has been confirmed by the fixation of the Chinkou span below the price curve but not by the strengthening of the price below the Ishimoku. We can also see that currently the continuation of the sideways movement is likely, which is being shown by the Bollinger bands. Thus, if the present signal and its strength after the beginning of the Bollinger bands divergence downwards and fixating below the Ishimoku continue, a downfalling movement can gather pace. If the price fixes below the Ishimoku, the following target will be the second support level of 90,68. The Bollinger bands show sideways movement as the lines are not diverging and are directed to the sides, thus signaling a possible flat in the near term. The MACD is declining denoting the current decrease.
Trading recommendations:
At the moment it is recommended to wait for the beginning of the Bollinger bands divergence downwards, and to open short positions targeted to 90,68 thereafter. The stop-loss is set above 92,60.
The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.
