Price has pretty much blasted through previous pattern setups but has now settled in a sideway movement in a range that has given an ideal shorting opportunity. This has been confirmed in the following ways
Crab pattern completion,
Bearish Divergence
Double top (though with no structure present)
Stochastic is in the over sold condition
The only negative consideration is that price has been on a strong upward trend with little retracement over the past few weeks.
Fundamentals have not been considered during my thoughts
joe
Crab pattern completion,
Bearish Divergence
Double top (though with no structure present)
Stochastic is in the over sold condition
The only negative consideration is that price has been on a strong upward trend with little retracement over the past few weeks.
Fundamentals have not been considered during my thoughts
joe