We are shorting right now depending on different reasons:
1) It is often common that market is retesting previous highs in a downtrend. It is important that the market does not make a new higher high to have a still valid technical downtrend.
2) There is no RSI Divergence on the previous lows in the downtrend. RSI Divergence would be a significant signal for a weak downtrend.
3) Stochastics are also in an overbought zone!
1) It is often common that market is retesting previous highs in a downtrend. It is important that the market does not make a new higher high to have a still valid technical downtrend.
2) There is no RSI Divergence on the previous lows in the downtrend. RSI Divergence would be a significant signal for a weak downtrend.
3) Stochastics are also in an overbought zone!
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