Bollinger band reading : bearish with side way.
MACD Histrogram : dived deeper, seller won the battle.
Support : , 1276, 1267 level.
Resistant : 1280, 1286, 1290 level.
Comment :
Timberrrrr !!! 17.5 points range long black body wide range bar candle. I haven't seen such a similar day long enough. Mr. Seller decided to go full throttle pressing the sell button all the way since the 2nd session started until the end forcing buyer to leaves the market for good and even break below 3 levels of supports. Daily chart reading has yet to turned totally bearish as the Bollinger band width still turning inwards but nevertheless today's sellers boldness should not be taken lightly. Expecting a pullback effect upward before any further downward movement.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with larger cut loss and profit target.
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