Reasons:
- Resistance from the previous top
- Head & Shoulder pattern - Visible in H1 , With neckline breaking now
- Fibo retracement 23% level is also breaking down
- Change of slope in Bollinger bands
- TRIX signalled the top
- Vortex shows start of a bearish trend (Cross of Red line with level 1)
This is a personal realization about the market
- Resistance from the previous top
- Head & Shoulder pattern - Visible in H1 , With neckline breaking now
- Fibo retracement 23% level is also breaking down
- Change of slope in Bollinger bands
- TRIX signalled the top
- Vortex shows start of a bearish trend (Cross of Red line with level 1)
This is a personal realization about the market
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.