1st reason, if you take a look at the monthly you can see it is reaching the top of the descending trend line .
2nd reason, looking at the daily using the fib retracement you can see that that it has reached the 50% mark which aligns with the descending trend line .
2nd reason, looking at the daily using the fib retracement you can see that that it has reached the 50% mark which aligns with the descending trend line .
Trade active:
Still with this play, have added an additional 2 shorts on different pullbacks.