Bullish Momentum + Strong Price Rejection = Sign of Reversal
I shorted this Market due to the following reasons:
Price is currently inside a Big Ascending Channel
Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal.
Other reasons why I shorted this market:
- STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting)
- Price broke below 10EMA and formed an Inside Bar
Trade at your own risk!
Price is currently inside a Big Ascending Channel
Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal.
Other reasons why I shorted this market:
- STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting)
- Price broke below 10EMA and formed an Inside Bar
Trade at your own risk!
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