From the area of the golden zone, the previous wave made an upward correction, which can be said to be moving in a channel that is of course not valid at the moment. Therefore, with the loss limit of the spike candle, you can enter the sell trade.
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.