The reversal candlestick pattern at the resistance level tells us about a possible reversal. RSI is in the overbought zone, and it is going to move downward. If so, we will get the strong signal confirming the bouncing from the resistance. MACD histogram supports sellers.
DMI is bullish and confirms the strength of the trend. When ADX line starts falling, it will be an additional signal confirming a correction movement. It will support sellers too.
As for sell signals, it will be better to search them using lower timeframes, like the daily, 6H, 4H. Doing this you will be able to find good entry levels, make stop size as less as possible, and open sell trades in the direction of the weekly chart.
DMI is bullish and confirms the strength of the trend. When ADX line starts falling, it will be an additional signal confirming a correction movement. It will support sellers too.
As for sell signals, it will be better to search them using lower timeframes, like the daily, 6H, 4H. Doing this you will be able to find good entry levels, make stop size as less as possible, and open sell trades in the direction of the weekly chart.
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