The over all trend has been down, while on the 4hr charts the trend has been up toward the upper bounds of the daily down trend.
The short term 30min chart is showing divergence and lessening momentum, as it approaches the upper bounds of the down trend. This divergence, which is indicating a move down, is a good place to enter short, and ride the larger trend down.
Use the most recent high as a point to place stops.
Follow my trades at the following link.
www.zulutrade.com/trader/257063
The short term 30min chart is showing divergence and lessening momentum, as it approaches the upper bounds of the down trend. This divergence, which is indicating a move down, is a good place to enter short, and ride the larger trend down.
Use the most recent high as a point to place stops.
Follow my trades at the following link.
www.zulutrade.com/trader/257063