It is already possible to open short positions on the weakest stocks.
This is the main channel. And I see no reason why it shouldn't continue.
The best point for opening short positions.
Hold until the price is above the new trend line
In my view, all the way to the continuation of the rise is securely blocked by serious levels of resistance. Already there is a serious negative momentum. It is problematic to make a profit here, but to reach the break - even point and see what will be-it is quite real.
So, we've reached 2/3 of the level of correction of Fibonacci. And, at the same time, the upper border of Bollinger bands. Yellow candlesticks tell us to get ready. On the other hand, the downward trend is still weakly expressed. In addition, we see the continuation of a series of trend candles.And the main thing is that the trend line (gray) is not damaged yet....
The price bounced off the upper border of the downward trend. This means that we will be able to move the stop order all the time.The fall occurred on the day of publication of the quarterly report.This fact sets the direction for the next three months.