BUT - be patient for a set up. - there has been signs of exhaustion, first on April 27, second on May 8, and third on may 22, however, - the first one has been reversed May 5 - the second one has been reversed on May 18 - and the third one has not been coupled with the RIGHT price action, and was above the important support level. - the first two were actionable, meaning that I would have traded them, but I hadn't been closely watching until the third sign. - If I had, it would have been a very small loss, but I would consider them good trades.
The current price has reached a strong resistance, but this should never be the sole reason to short. I am waiting for a sign of exhaustion to short, may it be a divergence, a price action, or my custom indicator. But there is no need to get involved just yet.
Comment
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Not yet, strength dwindling but not gone.
Order cancelled
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seems ripe to short. want to short, but cannot find a good RR entry. If it had gone higher before showing weakness, it would have been much better.