Multiple rejection at channel resistance as price forms firstly a shooting star
last week, and a bearish
meeting line today. A strong Bearish
divergence on Chaikin Money Flow
Index is also clear. I expect a retest of 50.85-50.15 support area
very soon, unless price manages to take the channel resistance and the high of today's candle.
Meeting Line: Not very common candle pattern, the bearish
meeting line is a down day that closes at or very close to the prior day closing price, hence meet.