Sell below 15016. Stop loss at 15791. Take profit at 12908. Reason for the trading strategy (technically): Price is seeing major resistance at 15016 (Fibonacci retracement, Fibonacci extension, bearish bat formation, horizontal swing high resistance) and we expect to see a strong drop from here to at least 12908 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 90% where we expect a corresponding drop from.
@Seviii, a TA is the reason you lost money, your own decission is the reason you lost money. Don't blame others on your own mistakes, be grateful that someone is willing to share his/her thoughts and experience on this.
@Shockinalive, Newcomers are easily influenced by TAs. I didn't blame anyone. I just would be much more grateful, if only people who are experienced in TAs would give suggestions, especially strong suggestions like "TIME TO SHORT". 50% of TAs here are like "Oh look, H&S, sell or you are doomed!!" and stuff like that...
Shockinalive
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@Seviii, sticking to basic fundamentals isn't a bad thing, eventually we share our thoughts and experience on Tradingview. I think the first thing newcomers should do is learn more about how TA works AND how to be critical on some things. Again, if you lose money it is up to your own faults, not someone elses. You are making your own decisions. Have a good one! :)
B-Madoff
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@Shockinalive, don't be grateful for information provided by someone else in hopes that they will benefit off fooling people that don't know how to conduct TA. Be grateful to use this misleading information to better yourself
Shockinalive
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@B-Madoff, it has nothing to do with misleading yourself, if you are really interested in reading and understanding a TA and therefore know the fundamentals, you should know that the first thing you need to be is CRITICAL. Someone shares his thoughts about the current state of the market and makes his TA based on a couple tools, it is for YOU to decide to either follow or not. Nobody is forcing you to buy or sell anything, most people even don't give any advice they just want to inform you. If you are smart enough, you will think about the choices you make. Period.