The buyers that used the 20K supportive region to buy got liquidated, subconsciously they will now use this previous support as resistance. I think the market will take advantage of this thought process to liquidate buyers who turned sellers all over again. We have created a minor head and shoulders pattern, when we break out of this and lure more sellers into...
price has been rising fallowing clean trend line, started making lower highs showing selling pressure, then creates clean highs , smashed through them and retests to inject massive amounts of buy orders, then engulfing previous swing low completely. The floor is about to fall out of this pair
taking quick 40 pips off of mvp after 3 levels of rise
This is a lower TF breakdown of the perfect entry point for a short on Ga to take it down to gap fill. I also previously published a 4h chart that give longer term directional bias