May 3, 2016

Market outlook

Daily charts
- trend is down on daily charts
- reversal level 8000
- expecting a limited correction to max 7500
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Hourly charts
- trend is down on hourly charts
- some indication of trend reversal was given by bar (marked with arrow)
- I missed this signal.


5 min charts
- notice big bar marked with arrow
- this gave hint of selling at higher levels
- break below 2 boxes is sell signal
- cover at close


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