There is a nice short ADX crossing here. The most recent low of the uptrend at $21.91 was broken. So this makes the crossing very compelling for me.
Target for this trade is about $19.50 and the stop at $22.51 which gives a nice risk reward ratio of 2.5.
Let's see how the market plays this.
This is a nice opportunity for a short trade based on the ADX crossing. Target for this trade is the support area around $ 1.52 and the stop is at the high of the previous bar at $ 5.81.
It got a very good risk/reward ratio of 2.5.