SHORT:
1. 38.2 retracement on 4H
2. 61.8 retracement on Daily minor swing high and low
3. 50MA tap on 4H
4. Daily bearish MAs
5. Price action rejection on 1H
6. Clean range for rebalancing
7. Break and retest of clear zone on 4H & 1H
8. Weekly 9MA & 50MA bearish crossover
9. LH LL Major structure
Against
1. Weekly tapped Daily Key-level already
2. Relatively strong rejection level. Haven't tapped this level since February
1. 38.2 retracement on 4H
2. 61.8 retracement on Daily minor swing high and low
3. 50MA tap on 4H
4. Daily bearish MAs
5. Price action rejection on 1H
6. Clean range for rebalancing
7. Break and retest of clear zone on 4H & 1H
8. Weekly 9MA & 50MA bearish crossover
9. LH LL Major structure
Against
1. Weekly tapped Daily Key-level already
2. Relatively strong rejection level. Haven't tapped this level since February
Trade active:
Just gave whoever saw this earlier a free trade :p
Comment:
9 confluences, that's literally 9 reasons why you should short
Hold nothing sacred in search of truth