In addition to the downward channel we're seeing, which I interpret as the key sign confirming price is in a downtrend, we're seeing what looks like a reversal candlestick on the daily chart (still in formation, at the time of this writing) appearing after a pullback to resistance. I'm short at 51955, with my stop at 52528 and my target profit at 49773. This gives me a reward/risk of over 3.8.
Learn more about trading: bit.ly/15NBR79
Learn more about trading: bit.ly/15NBR79