Down Trend. Price close to the upper band of the rergession line. Bearish engulfing pattern. And almost overbought with a downwards slope. I shorted 1/3 of the maximum position size. I will build my position gradually on this one.
Note
In the 15 min if the price break the swing low it is highly likely that it will continue (classic price reverse pattern) if it makes a higher high i will look for bearish evidence and then i will add to my position
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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.