The market is showing signs or bearish pressure. An H4 bearish candle close will signal a short opportunity. I see the market failing to break the resistance line. This coupled with a third touch on the Trendline and market structure showing bullishness improves the chances of this being a sellers market for now.
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.
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.