4 sell signals (Monthly, daily, weekly and 233min) in sync is usually bearish.
My calculations suggest that more downside
is stored for near term. Lately the bulls are coming up from no-where to buy on weakness. But with todays selloff we have confirmed downtrend in place.Also according to Ewave experts the down wave has started.
I will cover shorts around 1328 and 1318.
Just have no clue why the market recovered from todays lows.Guess to suck in more longs.