Based on the previous uptrend movement that has been made in the previous14 years, it seems that the massive trend has been weakened and due to the breaking the trendline i think it's time to make a sell/short position. maybe befor the big drop we would see a short term of upward trend and this is making a better chance to make a short position.
stoploss of the...
NOV is approaching our first resistance at 30.16 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 24.17 (horizontal swing low support).
RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price.
