Gaussian channel is starting to flip red. Soon expecting at 4H. You can see on the left what happened last time when it first started changing cycle. The situation looks to me very alike. Plus, resistance by the 200 EMA at 4H and 50 EMA at 1D. On the top of it it has been pushed out of the rising channel which is another level of resistance. Short from here to be on the safe side and going to look another target.
Comment:
*Plus, resistance by the 200 EMA at 3H and 20 EMA at 1D. Sorry for the mistake, it's already late here and I'm tired. Anyway, chances look more probable for another dip these days.
Comment:
4H already in red. New possible targets within 8.5-9K area.
