Why go short?
*Head and shoulder pattern complete.
*ADX(Black) go up and more than 20.
*D- (Red) go up and above D+
*D+(Green) go down away from D-.
_______________________________________________________
ADX indicator
*Above 20-25 indicate strong trend.
*Above 50 indicate very strong trend.
*Below 20 indicate weak trend and side way market mostly.
*D+ and D- are indicator for direction of market.
*Long if D+ above D-
*Short if D- above D+
https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp
*Head and shoulder pattern complete.
*ADX(Black) go up and more than 20.
*D- (Red) go up and above D+
*D+(Green) go down away from D-.
_______________________________________________________
ADX indicator
*Above 20-25 indicate strong trend.
*Above 50 indicate very strong trend.
*Below 20 indicate weak trend and side way market mostly.
*D+ and D- are indicator for direction of market.
*Long if D+ above D-
*Short if D- above D+
https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp
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.
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.