ADH.ASX_Breakdown Trade_Short

ENTRY: 3.45
SL: 3.80
TP: 3.04-3.12

- ADX<20. Would like to be higher.
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Range since 23 Jun 2021 shows sellers in control.
- Broke down from triple top formation since Aug 2021 and retraced under lower volume before resuming downtrend.
- Break previous low today with above average volume.

Trade closed: stop reached