Hello friends. This idea is very similar to the XLE short idea. We are shorting this chart because despite prices rising, the buy/sell ratio is saying that buyers stopped buying as much. We also see that the Wave Master indicator gave us a sell signal.
Thanks for playing.
Thanks for playing.
Note
We also seem to be forming a bearish wedge patternTrade active
Trade closed: stop reached
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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.