We are shorting right now depending on different reasons:
1) It is often common that market is retesting previous highs in a downtrend. It is important that the market does not make a new higher high to have a still valid technical downtrend.
2) There is no RSI Divergence on the previous lows in the downtrend. RSI Divergence would be a significant signal for a weak downtrend.
3) Stochastics are also in an overbought zone!
1) It is often common that market is retesting previous highs in a downtrend. It is important that the market does not make a new higher high to have a still valid technical downtrend.
2) There is no RSI Divergence on the previous lows in the downtrend. RSI Divergence would be a significant signal for a weak downtrend.
3) Stochastics are also in an overbought zone!
Trade closed: target reached
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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.