HE8 Short position
B grade set up
-stochastic bearish divergence (purple lines)
-high volatility ATR, major price flucuations 11c-13c (yellow circle)
-minor support at 11c - if broken may test ~8c support
-set up lacks bearish candlestick confirming reversal, unknown catalyst
-stochastic bearish divergence (purple lines)
-high volatility ATR, major price flucuations 11c-13c (yellow circle)
-minor support at 11c - if broken may test ~8c support
-set up lacks bearish candlestick confirming reversal, unknown catalyst
Note
bearish engulfing candlestick. high volume. reversal signal
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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.