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Top called - brace for more possible downside
Two things to note here:
1. 'MarketDecryptor A' nailed the short entry on the 1h, identifying the local top and point of potential pullback. It was the bearish cross on the 2h chart that triggered the dump.
2. The momentum wave ('MarketDecryptor B') has confirmed a bearish cross on the daily chart, which tells us to be aware of the potential for further downward movement.
We're in the middle of the pitchfork here, so it's not the lowest of risk. So keep the trades small - big moves probably on the way.
1. 'MarketDecryptor A' nailed the short entry on the 1h, identifying the local top and point of potential pullback. It was the bearish cross on the 2h chart that triggered the dump.
2. The momentum wave ('MarketDecryptor B') has confirmed a bearish cross on the daily chart, which tells us to be aware of the potential for further downward movement.
We're in the middle of the pitchfork here, so it's not the lowest of risk. So keep the trades small - big moves probably on the way.
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