The current price is at the short entry, you may not see it because TA doesn't show ask/bid price lines on published Ideas. Heikin Ashi Candles to reduce noise.
Trading stocks is out of my usual comfort zone, take that idea with some extra salt.
4h snapshot
Weekly snapshot
Trading stocks is out of my usual comfort zone, take that idea with some extra salt.
4h snapshot
Weekly snapshot
Comment:
welp, good to have breakeven SL for the short
Comment:
This idea became a successful failure.
The best play here would have been a defensive short entry, what the drawn short is but this one was too early.
The Daily and Weekly MACD histogram didn't turn to white-green at that point, means bullish momentum was still there. Next time wait for a rejection and a confluence with a decreasing MACD. A RSI and Stochastic RSi pointing down would make the setup even better.
The best play here would have been a defensive short entry, what the drawn short is but this one was too early.
The Daily and Weekly MACD histogram didn't turn to white-green at that point, means bullish momentum was still there. Next time wait for a rejection and a confluence with a decreasing MACD. A RSI and Stochastic RSi pointing down would make the setup even better.