- Selling volume is higher than buying volume near upper resistance
- Buying volume stagnant near resistance. Shows lack of buying interest to break the upper resistance
- EFI negative
- Stoch near overbought levels
- Gap down indicating selling pressure coming in
- Resistance breakout attempt tested and failed couple days ago
- 2R profit target is not too near the lower support
- Buying volume stagnant near resistance. Shows lack of buying interest to break the upper resistance
- EFI negative
- Stoch near overbought levels
- Gap down indicating selling pressure coming in
- Resistance breakout attempt tested and failed couple days ago
- 2R profit target is not too near the lower support
Order cancelled:
Canceled entry order for now because of the green candle on 25th Sept with volume relatively similar to the seller volume the day before.