After price made multiple attempts to break the channel, if finally does with momentum to the downside and tends to move back towards it and retests the channel with the zone area altogether by a bearish candle. This symbolizes the beginning of bearish pressure and thus signals a shorting opportunity.
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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.