It is been observed that the price action is trending in a channel for a while and now it is currently ranging near the upper trendline of the channel or resistance levels where a pull back to other trendline or support can possibily be seen before a breakout on either side of the channel.
Other Indicators signalling Bearishness: 1. Macd Crossover 2. RSI Divergence
One can take a short positions with good risk reward as mentioned below;