Price is failing to establish new highs in the market. Has reached a sell zone and has bearish pressure. Outlook is short-term bearish.
Price is currently in a descending channel testing the channel support and resistance multiple times. However, price is now testing channel resistance as well as a resistance level (which was previously support but now is a key resistance in the market). Price action is stating three rejections and now has formed three 'Shooting Star' Japanese candlesticks which...