Entered over bought territory might gain another 1%
Not meaningless, after what has been an on-and-off start to the new year with additional holidays and less time to soak it all in, the breakthrough could be short-lived. Every indicator is starting to agree with this. Still, even before the last candle confirmed this set-up, I would be hesitant to enter a short until further confirmation is given. It's a matter of WHEN rather than IF anymore.
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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.