1. Daily chart is bearish
2. Price is at the base of the Kumo on daily
3. This coincides with the .382 retracement from the previous high on the daily
4. This coincides with the base of the Kumo on 4H
5. The .382 coincides on the 4H as well
6. 4H is bearish
7. RSI is overbought
8.Doji Candle formed at top
Price needs to close below the low of the candle labelled 9. to consider shorting
2. Price is at the base of the Kumo on daily
3. This coincides with the .382 retracement from the previous high on the daily
4. This coincides with the base of the Kumo on 4H
5. The .382 coincides on the 4H as well
6. 4H is bearish
7. RSI is overbought
8.Doji Candle formed at top
Price needs to close below the low of the candle labelled 9. to consider shorting
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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.