Look Look Look... I don't use indicators like that but when I do I use RSI and Moving average.
- Rsi sucks but I use it for divergence.
- Moving average is nice it tells you if the market is going to go bear or bulls and is great for exit points but "I do not rely on it".
WHAT DIVERGENCE?
- It is a hidden divergence, signaling a continuation of a down trend.
Price action is drawn above but it is down line " \ "
RSI is drawn above as well but up line " / "
Support & Resistance:
It looks like it is trying to retest a resistance before it goes down.
It has to make Lower Highs and Lower Lows to continue the trend.
**The only time I'm using indicators is when I need confirmation that my analysis is going the right way before I head into a trade.
BTW just to keep this simple and "SHORT", we SHORTING.