A possible selling opportunity if the price touches the 3rd time at the resistance like. If the price reaches at the resistance level, much better if we only trade this if an engulfing candle forms for high winning probability.
By the way, I seldom use indicators because it is much easier to analyze charts if it is LESS "Complicated". Purely based price action and statistical data. But of course it will always depend on your strategy. :)
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.