This area will offer a good area for a short.
Observing reaction and waiting for a convincing entry bar.
Setup - 1 to 1 also price might move behind a previous high and take the stops. Call it Double top, Support Resistance, it doesn't matter. If stops are taken there will be trapped people.
Stochastic in Overbought - not that it strictly predicts anything certain, but noticed it offers good risk to reward ones it's in overbought.
Volume - there is some non-confirmation as the price raises and volume dries down.
Observing reaction and waiting for a convincing entry bar.
Setup - 1 to 1 also price might move behind a previous high and take the stops. Call it Double top, Support Resistance, it doesn't matter. If stops are taken there will be trapped people.
Stochastic in Overbought - not that it strictly predicts anything certain, but noticed it offers good risk to reward ones it's in overbought.
Volume - there is some non-confirmation as the price raises and volume dries down.
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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.