Looking to Short and Follow the Trend
Strong support at $895
We are currently overbought on the RSI - looking at previous action at this level we continue to head down.
Looking at the downward trend line it was a fake out and buyers had a good attempt of pushing up but it could not hold. This shows selling strength is strong.
Looking to sell once bearish engulfing confirmation candle closes inside the trend line with a TP at $895
We are currently overbought on the RSI - looking at previous action at this level we continue to head down.
Looking at the downward trend line it was a fake out and buyers had a good attempt of pushing up but it could not hold. This shows selling strength is strong.
Looking to sell once bearish engulfing confirmation candle closes inside the trend line with a TP at $895
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.