3 factors are telling us about selling opportunity!
1st, The linear regression (in the case of trend and over bought)
2nd, The Resistance
3rd, The high volume candle breaks the lowest low of the last 24 candles previously!
In longer term analysis we could see a strong Support! But I don't believe it will effect our medium term analysis in this case.
Consider Risk management !
1st, The linear regression (in the case of trend and over bought)
2nd, The Resistance
3rd, The high volume candle breaks the lowest low of the last 24 candles previously!
In longer term analysis we could see a strong Support! But I don't believe it will effect our medium term analysis in this case.
Consider Risk management !