simply pure price action . following the price path really shows alot of bearish moment to take place , since a Head and Shoulder pattern has formed on the Daily Time frame . a descending channel has been also spotted on the 4 Hour Time frame . we can wait and see how the market decides to play
Price has be ranging . meaning we have no series of higher highs and higher lows or the opposite , price is moving within support and resistance .
on the weekly Timeframe price is moving towards our significant support , we will then patiently wait for bullish reversals like , bullish engulfing , inside bar , pin bar or twezzers for that matter . then we go long
price broke the monthly trendline and retested .. we looking for short opportunities and swing down with it .
we in the the point of resistance looking at that previous support as our target
price is trending up , we broke resistance now going back to test it as our new support .
price will then find buyers and drive it down . now we wait patiently for price to finish retesting
price has broke the uptrend and reversed on it . it just tested the resistance level in the weekly chart .
target profit is your next support level .also a double top shape has formed confirming our short .
price is at a hot point of selling , we in a major resistance or proven turning point , a pin bar appeared on the daily chart showing the control of sellers . We seek for short opportunities when the market open , your target is the previous support .
we have a ranging market with a descending channel .
we have reached the level of resistance
we see Tweezer Tops on DAILY time frame ,and wee look for short positions
