Price retraces at on or around same zones. what i see here is a possible divergence being created with multiple confirmations to short the market.
1. price is around the down trend line and seeing major corrections on the lower time frames
2. price is in a strong area of resistance and appears to be having exhaustion in said zone.
3. price is making higher highs and higher lows while MACD is doing the opposite.
conclusion is to wait for a bearish candle bar below the swing high for last confirmation before seeking lower time frame entry methods.
let me know what you think of my analysis!
1. price is around the down trend line and seeing major corrections on the lower time frames
2. price is in a strong area of resistance and appears to be having exhaustion in said zone.
3. price is making higher highs and higher lows while MACD is doing the opposite.
conclusion is to wait for a bearish candle bar below the swing high for last confirmation before seeking lower time frame entry methods.
let me know what you think of my analysis!