short term bearish momentum trade as a short for following reasons.
1) Bearish candles, 3 days in a row hangin man followed by shooting start.
2) Unable to break the resistance line as drawn.
3) ovebought RSI signal
4) decreasing volume over last 3 days.
Trade nullified if with a daily close over resistance line
1) Bearish candles, 3 days in a row hangin man followed by shooting start.
2) Unable to break the resistance line as drawn.
3) ovebought RSI signal
4) decreasing volume over last 3 days.
Trade nullified if with a daily close over resistance line
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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.