I think the bearish trend will continue for these reasons: Below red cloud, hidden bear divs on OBV and RSI, and apparent bounce off the Kijun.
If there is a bearish engulfing candle confirmation I will enter and put my stop loss above the Kijun. I will use ATR to resist any violent wicking up.
If there is a bearish engulfing candle confirmation I will enter and put my stop loss above the Kijun. I will use ATR to resist any violent wicking up.
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No Bearish Engulfing Candle for confirmation. Will continue to wait for one.
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I was really looking for a nearly full bodied 4 hour bear candle there.