This market is incredibly , but nothing can grow infinitely and signals become more and more.
It's time for a good correction!
On three hour candles you can see an almost perfect .
divergence on and indicators.
Hidden divergence on indicator.
confirms the beginning of the downward movement.
The projection of the will lead us to 9370, where growth can start again.
Stop Loss: above 11440
Take Profit: below 9370
But if you look at the big picture, on day candles, you can see that the correction should be much stronger.
I think that the market may fall to 6000-5000.
If the market falls below 8800 it will be a confirmation of the , which can be seen on smaller timeframes.
The end of the correction may be at the level of 6200, where the is located.
Also this correction should stop MA125, the market did not fall under this MA since 2015.
Sell #1: Now
Sell #2: below 8800 ( confirmation)
Take Profit #1: 7860
Take Profit #2: 6200
Take Profit #3: Between 6200 and 4800