Rejection @ the trendline with increased volume meaning strong resistance.
Clear break of the volume channel already happened before.
Sellers intrest still present visable with cumulative delta indicator.
Wait for bearish break or rejection at or in the volume channel.
Place A Sell Stop at TP that will trigger a break-even to follow the current downtrend. Manually monitor the daily chart to see if significant reversal signals are visable so we can close our trade. Or use fib/trendline lvls to set TP in advance.
Clear break of the volume channel already happened before.
Sellers intrest still present visable with cumulative delta indicator.
Wait for bearish break or rejection at or in the volume channel.
Place A Sell Stop at TP that will trigger a break-even to follow the current downtrend. Manually monitor the daily chart to see if significant reversal signals are visable so we can close our trade. Or use fib/trendline lvls to set TP in advance.