Well there are 2 options for shorting the market. One of them is that the market will reach up to the gray area and gets rejeceted hard so we are looking for shorts, or makret doesnt reach gray area but gets rejected hard at 50% of the red candle pointed by the green arow.
If we are looking for highier prices in the markets and there are no suprises by the fed rates like an unexpected rate hike on june. Then the market could be reaching up there.
At 4h 3h and 2h charts i see a falling star forming but not confirmed yet. If it does confirm in the next 2-3h from now we might fill the gap down before we run high. On weekly its overbought and on monthly i see a retracenent from the last bull run. This is not financial advice just my personal opinion. Have fun and dont gamble. Im allready short. I have my money...
Well looks like a falling star at 1h. We will see.