Short term trading setup for a short position.
Confirm support / resistance level
Rising wedge pattern
Volume decline and RSI bearish reversal divergence.
Setup the trading EP/ SL considering a case of when it does not break out the support level and bounce back up.
Look at the range of each EP, TP and SL.
EP - green
SL - red
TP - skyblue.
Confirm support / resistance level
Rising wedge pattern
Volume decline and RSI bearish reversal divergence.
Setup the trading EP/ SL considering a case of when it does not break out the support level and bounce back up.
Look at the range of each EP, TP and SL.
EP - green
SL - red
TP - skyblue.