Hello Traders,
There are multiple reasons for a short idea.
78.6 fib of 4/21 high and 5/30 low.
Previous structure support.
RSI divergence.
In addition to this the previous bear candle has higher volume than the recent bullish candle which mean the price may soon fall.
Good Luck!
There are multiple reasons for a short idea.
78.6 fib of 4/21 high and 5/30 low.
Previous structure support.
RSI divergence.
In addition to this the previous bear candle has higher volume than the recent bullish candle which mean the price may soon fall.
Good Luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.