Master the Art of Short Selling! 📉

Learn how to identify high-probability short positions using this step-by-step guide.

Key Steps:

Find a Key Level: Identify a strong resistance level or a recent high.

Draw a Fibonacci Extension: Project potential price targets using Fibonacci retracement levels.

Look for a Sell Signal: Wait for a bearish candlestick pattern or a price rejection at the resistance level.

Set Your Stop Loss: Place your stop-loss above the recent high to protect your capital.

Set Your Take Profit: Use Fibonacci extension levels to determine potential profit targets.

Remember:

Risk Management: Always use stop-loss orders to protect your capital.

Confirmation: Combine short-selling strategies with other technical analysis tools for increased accuracy.

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