Reasons to go short -
Longer term trend is bearish
Returning to a strong SR Level (blue lines)
The last time is was at this level there was strong sell off and this is the first time returning to it (yellow boxes)
Completion of bearish bat pattern
Good risk to reward
Longer term trend is bearish
Returning to a strong SR Level (blue lines)
The last time is was at this level there was strong sell off and this is the first time returning to it (yellow boxes)
Completion of bearish bat pattern
Good risk to reward