3 Reasons - W,D,H4 - downtrend, Pattern - Going in I.C.I pattern in Daily (if recognised right) Broke Strong Support line and turned resistance
When would I enter (need to confirm 4 things through indicator on H4) Bollinger bands (below SDdev) EMA 10 below EMA 20 (means bearish ) and structure below 10 EMA When MACD in bearish When Stoch inside 80 ATR starts falling (already) - good point RSI inside (already) - good point
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MACD is bearish too
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Stock entered 80
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sorry Not MACD, still is till bullish.
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macd bearish sma bearish structure below sma place your near resistance and support at H4