Price so far has carved a downward channel where action is taking place
The problem to go short is there ain’t many signals to confirm it..
Reasons to go short:
1) Price is at the upper channel line
2) Bearish engulfing candlestick pattern
3) “bearish divergencies” with Macd and RSI but aren’t powerful enough
A suggestion would be to go one time frame lower and look there. Here I’ll just watch
The problem to go short is there ain’t many signals to confirm it..
Reasons to go short:
1) Price is at the upper channel line
2) Bearish engulfing candlestick pattern
3) “bearish divergencies” with Macd and RSI but aren’t powerful enough
A suggestion would be to go one time frame lower and look there. Here I’ll just watch