Mgm Resort Bearish Volume Coming Inn
If Market closes below 18.20 Level which financial institutions are watching right now then i will be shorting it with take profits@ flag
Reasons to short
1-Market in downtrend
2-Market moving in downward channel or wedge that retail traders know off
3- market showing vertical resistance on top
4-Market rejecting from upper vertical resistance
5- Market having huge bearish volume
6-Moving average compression
7-Bullish trend reversal can be formed after candle close below that level
8-News are following the markets saying a bearish bias in market trend
9-if lower trend line candle close happens then market will drop down to pavement due to wedge breakout pattern rules
Reasons to short
1-Market in downtrend
2-Market moving in downward channel or wedge that retail traders know off
3- market showing vertical resistance on top
4-Market rejecting from upper vertical resistance
5- Market having huge bearish volume
6-Moving average compression
7-Bullish trend reversal can be formed after candle close below that level
8-News are following the markets saying a bearish bias in market trend
9-if lower trend line candle close happens then market will drop down to pavement due to wedge breakout pattern rules
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