Graph "XO" step of 100/3:
On the senior chart, we observe an exclusively downward trend.
Shares are traded in a downward wave of a downtrend, which indicates the strength of the sellers.
The relative strength index is in the column "O", which indicates the pressure of the bears.
Overcoming the support level of 43 gave the signal of a double bottom for sale, thereby changing the main trend to a downtrend.
The initial target for sellers is the mark of 38, with the approach to which it is recommended to close 1/2 of the total volume of short positions.
The main target will be the support zone in the area of 34.
The point of the protective suspension is the maximum fluctuation of 49.
Trading recommendations:
Today, only sales are recommended.
