1. Approaching the downward trendline
2. Currently in an ascending channel - 90% rule
3. Currently ranging and looks ready to make a triple top
4. Overall movement RECENTLY has been bearish so bearish momentum likely to continue.
Overall reason of a short: Approaching an area of resistance that looks very likely for it to get rejected at.
Its a game of patience people. Always remember to use your stop loss and trade reasonably
2. Currently in an ascending channel - 90% rule
3. Currently ranging and looks ready to make a triple top
4. Overall movement RECENTLY has been bearish so bearish momentum likely to continue.
Overall reason of a short: Approaching an area of resistance that looks very likely for it to get rejected at.
Its a game of patience people. Always remember to use your stop loss and trade reasonably