The intermediate term uptrend from last one month has ended as it failed to reach new high A tentative down trend is intiated with lower highs and a formation of lower highs complete potential down trend ,wait for the lower low tomorrow and take short position in the pullback after
Lower low in macd line indicates strong momentum downside,so more likely to go lower
Take short position in the pullback after the new low to increase reward to risk ratio
Wait for best Time to trade , don't trade short in swings lows in downtrend ,wait for countertrend pullback to take position for best profits and lowering your risk wihch is always present
chandrasekhara00613
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Always adjust your trading plans with ongoing price action, never take sole decisions from only market structure