Short
Bearish technicals. Trendline, 50 and 200 day resistance.
Several reasons to be bearish 
CVA from a technical standpoint
1) Trading right on trendline, 50 day and 200 day moving average resistance
2) Not oversold, so timing for a short is suitable
3) ADX has gone flat after being extremely bearish, but may continue and has not fallen yet.
4) MACD has already crossed so the bounce to the upside is already mature.
CVA from a technical standpoint1) Trading right on trendline, 50 day and 200 day moving average resistance
2) Not oversold, so timing for a short is suitable
3) ADX has gone flat after being extremely bearish, but may continue and has not fallen yet.
4) MACD has already crossed so the bounce to the upside is already mature.
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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.