Short, with room to fall

16 déc. 2017

Trading the one hour time frame. We can see bearish momentum divergence also hitting resistance on the four hour chart and also over extended from equilibrium on the four hour as well. Great short opportunity. I went short a couple days and am currently holding over the weekend. I think there's still room to fall until about the bottom red line, this is equilibrium on the four hour but we'll see how that plays out. Good luck.