Im short on US3 and still long on NADSADQ, since the elections they have a negatvie correlation and this trade looks like a solid sell!
RSI is over bought, price rejected 38.2% of the recent high to low and created a rejection / reversal candlestick
Furthermore, a trendline has supported price heading to the levels and price moved slowly after a big drop recently... I expect atleast some solid downside.
RSI is over bought, price rejected 38.2% of the recent high to low and created a rejection / reversal candlestick
Furthermore, a trendline has supported price heading to the levels and price moved slowly after a big drop recently... I expect atleast some solid downside.
Comment:
The SL added here was wrong, our normal SL is above the 30%, this trade would have been a winner on TradingView if the SL was set correctly.
