Bullish Momentum + Strong Price Rejection = Sign of ReversalI shorted this Market due to the following reasons:
Price is currently inside a Big Ascending Channel
Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal.
Other reasons why I shorted this market:
- STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting)
- Price broke below 10EMA and formed an Inside Bar
Trade at your own risk!
