never a good sign when you see a lower high followed by a lower low but that's currently what we have...I assume we will see another bounce here before too long since we are nearing oversold territory on the 4hr rsi if we do odds are good that that bounce will only form one more addition lower high...if this is the case it will be time to exit the position until we see a pattern reversal.
Yeah, massive short setup!
All bearish price action criteria's are lined up:
*Breakout from a curve trendline
*Breakout from a decent support $6666
*Breakout from a blue trendline
*Break below a round number $6500
*Break below EMA's
*Back to below the trendline from 17.12.2017 second touch 05.05.2018
All bearish price action criteria's are lined up:
*Breakout from a curve trendline
*Breakout from a decent support $6666
*Breakout from a blue trendline
*Break below a round number $6500
*Break below EMA's
*Back to below the trendline from 17.12.2017 second touch 05.05.2018