4-часовой таймфрейм
Overview:
A falling trend keeps on. A sell signal targeted to 91,26 is completed though it is not aborted now. The signal is not yet confirmed and is still strong. It is also confirmed by fixation of the Chinkou span below the price curve and by fixation of the price below the Ishimoku cloud. The price reached the level of 89,10, and could not fixate below it, thus, the further decline depends on whether the price is able to fixate below this level. If it will, we will get a new target of 88,34. In case of price fixation above the Kijun-Sen the signal can weaken. The Bollinger bands demonstrate a sideways movement as the lines are not diverging and directed sideward, thus indicating the completion of falling and the flat. The MACD is increasing which indicates the continuation of the correction.
Trading recommendations:
Currently, it is recommended to trade short with a target of 88,34, but only after the beginning of the Bollinger bands divergence and on the condition of the current signal maintenance. The stop-loss should be setup above 90,60.
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.