On the chart we can see the bearish absorption pattern , it's confirmed by the volume . This pattern is a sign of a reversal movement , be careful. Keep focused on the confirmed trend line.
ノート
The support zones
ノート
The price confirmed the previous resistance level as support. Focus on the closure of the next four hour candle.
ノート
The trend line was broken and the price fell below the previous resistance level. Now the price is testing this level. Let's see what happen next STATUS Don't trade
ノート
ノート
Importantly
The morning doji star in case of the closure of the four hour candle above the maximum of previous candle , we will can see the "morning doji star" This pattern shows the weakening of the bears and change of the movement.
ノート
the failure
ノート
The bearish absorption on the day chart , it's confirmed by the volume , be careful
ノート
Compare the bars. The volume is about the same , but the candles is very different. In my opinion it means that there is no buyer. Be careful.
ノート
The accumulation of positions in the blue rectangle. Wait for the four hour candle to close.
ノート
The small volume and the suspicious movement , be careful
ノート
maybe it's the evening star pattern , be careful
ノート
The volume increases when the price falls , this is the bearish sign.