Reasoning :
Downtrend
Trendline Rejection
Fib .5 Rejection
SR Flip
50 EMA Acting as Resistance
Possible Double Top
Wait for rejection candle and Enter, GOOD Risk to Reward if it plays out,
Good Luck
Order cancelled:
The setup failed, it went right through the trendline. Lets move to next one.
Disclaimer
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.