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
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