Downtrend ? But no trade.... Why? Read on...
5 min Emini Nasdaq 100
Hi,
Price continued on its downtrend from the start of the market. But all these is on short-bodied candlesticks... Moving averages are downward sloping...
It makes sense to go short, however, do we have a chance ? Is there a signal? I don't think so....
First we are looking for a pullback to the moving averages before entering at the same time if this is accompanied by stochastics or short-term MACD signals,
that would be perfect... However, I get none of these and I am unwilling to take any risk at this point.