We see in the graph above some points that strengthen our opinion about Sell position:
1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1
2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance
3. As soon as the price touched the moving average 100 he did not manage to cross it and it caused a drop
Sell Dax
Entry Price: 11230
Stop Loss: 11410
Take Profit: 10550
1. According to the Ichimoku Indicator, we are totally bearish as we are under the cloud and the blue line above the red line in W1
2. we can see that we are in a bearish channel with lower points each time and right now we are in the resistance
3. As soon as the price touched the moving average 100 he did not manage to cross it and it caused a drop
Sell Dax
Entry Price: 11230
Stop Loss: 11410
Take Profit: 10550