Strong Bearish Signal:
The price showed a huge drop supported by the large institutional volume and significant negative delta. It means that there is a huge sales imbalance and sellers are dominating the market right now.
Volume Zones:
It is necessary to point out the support level/local minimum 1833.60 - 1837.20. The price is trading near it now.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d17/2101/c4/a6f7c794566e.png
Consider Short Positions:
Given all these factors, we may ponder a breakdown of the support level breakdown, which will consent us to open short positions. The sink must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should be located above the breakdown volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The price showed a huge drop supported by the large institutional volume and significant negative delta. It means that there is a huge sales imbalance and sellers are dominating the market right now.
Volume Zones:
It is necessary to point out the support level/local minimum 1833.60 - 1837.20. The price is trading near it now.
Sentiment:
This indicator shows that 68% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d17/2101/c4/a6f7c794566e.png
Consider Short Positions:
Given all these factors, we may ponder a breakdown of the support level breakdown, which will consent us to open short positions. The sink must be keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should be located above the breakdown volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
