Shorting this baby because:
1. Hammer candlestick on daily
2. Triangle forming with two red candles already
3. Price touching upper Bollinger Band
4. TD Sequential is at count #9. One of the next two candles will be a TD count #1
This is like a ripe avocado about to fall and get smashed into a nice little side of guac. I say "little" because the reward on the...
There was a steep drop 3 days ago, and the stage is being set for a return to the mean because:
1. The asset has spent three days outside of the Bollinger Band. It's been out in the cold for too long and needs some warmth right now
2. TD Sequential candles 7 and 8 are dojis. The next candle will either be a doji TD #9 or a bullish TD #1 i.e. probably won't hurt...