Reasons for short
1) Daily Evening star formation at a key point
2) Weekly RSI Heavily Overbought
3) 3 Accumulation and Distribution phases complete
Trade safe and do your own due diligence before entering a trade
For further insights join me on
http://www.valuedbusinessconsulting.com/
1) Daily Evening star formation at a key point
2) Weekly RSI Heavily Overbought
3) 3 Accumulation and Distribution phases complete
Trade safe and do your own due diligence before entering a trade
For further insights join me on
http://www.valuedbusinessconsulting.com/
Comment:
The Evening Star formation mentioned in my Reasons for short occurred at point 5 of the wave pattern, which suggest bearish momentum
Trade closed: target reached:
First target hit!