Start to accumulate short positions. Short retracement coming to completion, note that weekly still show price movement within down channel.
Volume - Decreasing bull volume as the price climbs - Bearish divergence Daily
TDI - Positive up turn, however, TDI not showing strong bull in the weekly chart. Indecisive TDI atm.
CCI - Records subdued bull strength for such extensive move in daily (Usually retracement), clearer picture can be seen in weekly where the CCI bull strength is decreasing.
Good Risk to Reward trade, small position building for shorts.
Volume - Decreasing bull volume as the price climbs - Bearish divergence Daily
TDI - Positive up turn, however, TDI not showing strong bull in the weekly chart. Indecisive TDI atm.
CCI - Records subdued bull strength for such extensive move in daily (Usually retracement), clearer picture can be seen in weekly where the CCI bull strength is decreasing.
Good Risk to Reward trade, small position building for shorts.