As you can see the stoch and rsi are both oversold but it currently isn't showing a bounce yet therefore I want the price to come out of this small consolidation and at that point i'll probably short. Also the stoch should give a clearer signal. I'll probably take profit at the levels below when the indicators agree with a bounce. I will take my loss when the price closes above the resistance.
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.