Mgm Resort Bearish Volume Coming Inn

1 May 2016

If Market closes below 18.20 Level which financial institutions are watching right now then i will be shorting it with take profits@ flag

Reasons to short

1-Market in downtrend

2-Market moving in downward channel or wedge that retail traders know off

3- market showing vertical resistance on top

4-Market rejecting from upper vertical resistance

5- Market having huge bearish volume

6-Moving average compression

7-Bullish trend reversal can be formed after candle close below that level

8-News are following the markets saying a bearish bias in market trend

9-if lower trend line candle close happens then market will drop down to pavement due to wedge breakout pattern rules