Good opportunity to short in a day?

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These are the resistences. Short from these.
I do not think its a good idea to short from here... I will rather look for long entry as bullish divergence is forming and RSI is improving on 4-8 hr time frames..
treder PerpetualLearner

I thought by the resistance in a day. not for the long time
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Thanks for clarifying... as your chart is on daily time frame it appeared that its meant for longer timelines
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treder PerpetualLearner
Sure . may be. I usually trade in swing mode. For multiday i think the trend will continue to fall. but never say never
Agreed.. based on my analysis it may fall some more days may be couple of more weeks... but it is forming a base and getting ready for a breakout for a swing trade opportunity.. I am watching for the breakout for a swing entry to the long side..
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treder PerpetualLearner
me too I'd like to observe the long side but so on the daily chart It gives me no ideas except at a discount price. The indicators what say ? Sorry I did not watch this .
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Just published my idea for the help of the community
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treder PerpetualLearner
Interesting and complex . Isn't visible name of indicator.
I have hidden all my indicators as they just create a lot of clutter on my already cluttered chart... But the indicator I was referring to is a well known indicator called RSI( Relative strength index)... you can check out my earlier published charts and you can see the names
treder PerpetualLearner
Good , a nice visibility job. RSI configures an oversold status
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