What turns out is neither plan A or B setup, but MACD setup for a short signal. We didnt enter because MA200 is rising. It should be a factor to be considered each time MACD is used – whats the room between MA50 and MA200? there’s 10pt room.
Thus most likely the downtrend can only be 10pts max, and thats what happened. 2610 to 2600, then immediately rebound to 2620. its a risky short, and we didnt take it. Thus no trade for the day.