here we go!
the reasons behind my bearish bias are as follows:
1. on monday we tested a key market level which is our current resistance level and closed bearish with bearish momentum as seen by the wick on top of the candlestick
2. market came and tested the downward trendline and closed below the trendline
3. on lower timeframes a head and shoulder pattern formed at the key market level
so there is a decent probability of market pushing down in the coming days and i'll take trades only when my edges occur
the reasons behind my bearish bias are as follows:
1. on monday we tested a key market level which is our current resistance level and closed bearish with bearish momentum as seen by the wick on top of the candlestick
2. market came and tested the downward trendline and closed below the trendline
3. on lower timeframes a head and shoulder pattern formed at the key market level
so there is a decent probability of market pushing down in the coming days and i'll take trades only when my edges occur