Bulls were rejected on both [Resistance zone and regression channel upper bound].
Sell :
Wait for a bearish reversal confirmation,
Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
Initiate SELL order,
Targets TP1 to TP3,
SL above our resistance zone.
/!\** Disclaimer**/!\ The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone. ***This idea is only for educational purpose. Not a financial advice*** ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~