Three reasons for short position:-
1) Broke support & retested as resistance.
2) Candle Formal.
3) 38.2% Fib retracement.(Signals Strong trend reversal)
1) Broke support & retested as resistance.
2) Candle Formal.
3) 38.2% Fib retracement.(Signals Strong trend reversal)
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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.