The weekly candle is a bearish candle. The MACD histogram formed the 14th bar BELOW zero. Weekly ending at 34645. The market closed lower than last week’s closing. The market might want to do a deeper correction after weeks of up run.

The MA9 crossed down MA16 on 9th September 2021, and TKM v1.2 confirm the signal on 10th September 2021. We have placed Short entry on the open price, 34872, CutLoss set at 35200 and Profit target at 34000.

Order status: Short US30 at 34872, CutLoss at 35200, Profit Target 34000.