Bears stepped in after price reached major resistance, managing to breakout from the bullish trend line. Price now is in a distribution phase, i want to see a break of from this structure and a possible retest before making my bet
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push to the downside creating a new minor trend line, and price failing to make new highs. after making a new level price broke this support and come back to that level with strong momentum candle what we need to see next from the new candles opening at that level is wicks and lack of a continued momentum. This will tell us that there is a depletion in momentum and the likelihood of a reversal is evident.