Hug that bear

6 בינו׳ 2017

well this has been a good bull rally and it seems like the bulls are finally getting exhausted and a Hammer formed on top of the bollinger zone which indicates a reversal to the downside. This might be a great rally for the bears and the weekly has formed a doji which shows indecision in the market and from the pressure of the bears on the 3rd day of this month should not be underestimated. I really feel this could be the best entry for a sell but feel free to comment if you have any doubts/disagree.