The chart has followed a very distinct pattern. It appears to be following that same pattern. Seems easy enough to short here, but I'd be cautious about an entry until we break 9000 sat level one more time. As you can see the previous time we had one more hard bounce off of this level before the short was a solid play.
Note
I've added the resistance line here. As you can see its played a roll in both instances. Pressure is building, in a downward direction.
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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.