Overbought weekly RSI with (daily) divergence in OBV and RSI14
As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses.
If the short plays out well I would try to make the trade even bigger! ;)
Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
If the short plays out well I would try to make the trade even bigger! ;)
Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
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