Short position looking to be opened
On the Daily chart (right) you can see the price has been channeling down over the past couple of months and recently bounced off the major 100 mark.
The 4 hour chart shows a reversal coming in to play as price has hit the upper downwards channel line and now has also closed below the 4h 20SMA
Stop will be set above the upper ...
Potential squeeze between the bottom yellow and the 20 SMA.
Strong close above the 20 SMA and I'll enter long!
For me to be bearish I'd want to see a break below the bottom daily upwards trend line in the bottom right side of the chart.