45m timeframe intraday setup.
Trade the break is the play for now.
Confluences leaning more towards a short:
1) Below 50EMA
2) Below daily pivot
3) Below descending trendline
Safer to short based on the trend for the past few days.
Trade the break is the play for now.
Confluences leaning more towards a short:
1) Below 50EMA
2) Below daily pivot
3) Below descending trendline
Safer to short based on the trend for the past few days.