The is presenting a potential short set up for the upcoming trading week.
Price has been stuck in this since April.
Each failed attempt at the channel resistance resulted in a sell off.
has broken resistance at the 50 level, but has failed to maintain momentum after each broken attempt.
Currently price has broke channel resistance line, but with a GRAVESTONE CANDLE
Price has also broken 50 level for , lets see if this level will hold.
bullishly crossed on September 13th, so far no negative downtick on histogram
Stochastics is in overbought regions.
AS WE ARE HEADED INTO THE UPCOMING TRADING WEEK, LOOK FOR SHORTING OPPORTUNITIES. (For myself, i use the 1hr as my entry and exit time frame)
*Constructive criticism is welcomed*