Points to note:
1. Near 200ma(can act as resistance)
2. Previous Swing higher high is not broken, Evening star is formed.
3. Lot of divergences seen
4. Momentum inside a channel and price is near a trendline.
5. Price breaking below trendline and momentum breaking channel is potential candidate for shorting.
6. stoploss can be previous higher high for target of higher low.
1. Near 200ma(can act as resistance)
2. Previous Swing higher high is not broken, Evening star is formed.
3. Lot of divergences seen
4. Momentum inside a channel and price is near a trendline.
5. Price breaking below trendline and momentum breaking channel is potential candidate for shorting.
6. stoploss can be previous higher high for target of higher low.