On the 4-hour timeframe, we can see a downtrend forming by having a Lower high and a low that has been broken, and I can see a rejection off of the low that can be a confirmation for a downtrend to shape. The uptrend trendline is broken, and the downtrend trendline has been respected so far, so these are enough confirmations for me to take this trade.
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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.