Not to late to catch the Shorting train
On the daily chart, it fails to break about the bearish trend line (dotted) and the price action has further break down from the resistance line , acting as confirmation to sell.
Also, it has broken down from the bullish trend line (green) as well.
Yes, there is also the possibility that Mr Market may fool us traders for a while by going sideway for a while before attempting to break out again of the bearish trend line (dotted) again.
But for now, it is a short for me.
Also, it has broken down from the bullish trend line (green) as well.
Yes, there is also the possibility that Mr Market may fool us traders for a while by going sideway for a while before attempting to break out again of the bearish trend line (dotted) again.
But for now, it is a short for me.
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