Possible downtrend
Updated
On the resistant a pin bar formed - 1st confirmation of price rejection
Higher high and higher low has been formed awaiting formation of higher low
Channel setup downtrend
Higher high and higher low has been formed awaiting formation of higher low
Channel setup downtrend
Comment
Best entry would have been after the retest (Bearish Engulfing)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.