Once again a perfect time to enter a short

As we are closing in to key resistance area we can see that we are getting a lot of smaller bodied 4H candlesticks. This is indicating a weak buy side and that we are looking to top out!

We also got overbought on the hourly RSI and the MACD has flipped bearish





Combining a crocodile tooth shaped formation taking form on the 15min, a rejection from the downward sloping trend line (third rejection indicates strong trend line) and that we are looking to reverse at key resistance. I entered a 100x short at 106375.


As I am writing we also got in another confirmation on the hourly timeframe. As we can see we got a nice bearish engulfing candlestick.

I think the chart speak for itself. We are about to go down big time!