Price bounced from a resistance level
divergence and confirmed price reversal. MACD
falls and gives a signal for a possible short trade. ADX
also starts falling and it's a signal that strong up movement probably is over. We can think about short trades on the daily chart
. Place a pending order below MA20 and stop above the resistance level
. Profit target is MA50 and if price breaks it, the next target will be MA100.