Good opportunity to short in a day?

100 13 0
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
+1 Reply
Thanks for clarifying... as your chart is on daily time frame it appeared that its meant for longer timelines
+1 Reply
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..
+1 Reply
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 .
+1 Reply
Just published my idea for the help of the community
+1 Reply
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out