We have been waiting for a valid signal to short PSG for almost 3 weeks now (see attached analysis) and we seem to have gotten it now. The market is about 30mins from closing so unless a black swan event happens from now till then we should be having a close below daily tenkan. The bullish run could be finally over now. Notice the past 3 months including Nov, on the monthly,were climbing to test the monthly Kijun and we did exactly that a few days ago. The bearish rejection from this zone could signal the start of a prolonged bearish season for PSG. This is a long term trade with 2 main targets.
Entry: 2 positions @ 23650
SL: 24 788
TP1:21 836
TP2:19 931
NB: Manage your risk appropriately
Entry: 2 positions @ 23650
SL: 24 788
TP1:21 836
TP2:19 931
NB: Manage your risk appropriately
