Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. An increaased negative delta confirms that sellers were dominating the market.
Volume Zones:
The volume during the drop was evenly spread throughout the move, so that we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d37/1905/2d/71f540cfd91d.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown movement.
Profit Potential:
Approximately 80-90 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. An increaased negative delta confirms that sellers were dominating the market.
Volume Zones:
The volume during the drop was evenly spread throughout the move, so that we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d37/1905/2d/71f540cfd91d.png
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown movement.
Profit Potential:
Approximately 80-90 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.