Pending short, trend is changing

Seeing divergences on both RSI and MACD. Wait for a flag & break out of trend line. It will be easier to set a stop loss after the break out.

TP1: 49.5 area
TP2: 48 area

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Still not break yet, the top might be retested.

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I think the previous top needs to be broke before heading south. See what the weekly close will be tomorrow.

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We have the new high, now it's bear's last territory.

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Looks like weakness is generating, let's see if the trend is broke this time

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Now could be a short setup

pparmy1991

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pparmy1991