From analysis, there is an ascending channel
pattern formed along with bearish RSI
divergence. Good indication that the market is running out of steam and bears could take over soon. On top of this, we have a cypher
completion aswell. Price has come up to test previous resistance level
. We can shoot for the 38.2% retracement
for targets and place a stop loss above the X leg of the cypher pattern
, which gives close to a 2:1 risk to reward ratio. This seems like a very high score trade. I will be shorting when market opens.