Hey followers and other TradingView users!
Several price reversal/rejection criteria are on the blue box and a possible bounce downwards could be possible inside the mentioned blue area.
Wait for rejection after an orange line and the black trendline touch. If the price breaks through from them then we have also - just a little bit higher (still, inside the box) - Fibonacci golden ratio 62% (red dotted line) which should work as a resistance!
As always You can enter right away but better would be a bearish candlestick pattern confirmation!
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Several price reversal/rejection criteria are on the blue box and a possible bounce downwards could be possible inside the mentioned blue area.
Wait for rejection after an orange line and the black trendline touch. If the price breaks through from them then we have also - just a little bit higher (still, inside the box) - Fibonacci golden ratio 62% (red dotted line) which should work as a resistance!
As always You can enter right away but better would be a bearish candlestick pattern confirmation!
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
