is not a safe buy here. We have a bearish
cross in the cloud and a clear rejection of the Kijun line on the 4 hour chart. Cloud is also twisting red which is another indication of a more downware movement ahead. A second item to note is the DMI. The (DMI-) is at 33 with the ADX
at 43. Both are indications that the bears are still in control. We bounced today and will most likely fall tomorrow to create the 2 of a possible 123 rebound. I will not be stepping in here to buy until we get a bullish
cross on the 4 hour TK
. I am short until then.