Monday, December 19, 2016

New Silkroutes: Sell down seen below 0.800 can see more weakness, price 0.78. New Bearish signal with no Exit fyi

After staying above 0.800 for more than 2 months, today, we have experienced a sell down below this key level.

Staying below now can lead to more selling pressure towards 0.70 then 0.65 next.

Would want to be cautious if holding any long positions.

Just to share that we actually had bullish signals with exits to ride the upside all the way to just last month when things started to look shaky (see below chart).

We then saw our very first 1ET BEARISH ENTRY SIGNAL on the 9 December 2016 and down it went fast….

NO EXITS on this bearish signal for now, so there can be more weakness ahead…. Cautious.

PTI Graduates were alerted at least… thanks to this system, hope no one is holding on blindly……

For illustration purpose only

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