The red block (16950-17075) is the upper edge of box (box pattern from Xmas to now)
price is still in this box
And the bearish engulfing also has a larger volume
There is still resistance on the top (even backtests several times)
If the price backtests around here, can try doing short
If you are more conservative, you can wait for signal to appear
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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.