1. Bearish Engulfer on Daily Chart
2. Bearish Divergence on daily
3. Testing Trendline and Fib (0.618) resistance in 1 hour TF
4. Dow, LHLL
5. Price is moving in Descending channel
6. Bearish Engulfer on 1 hour TF near at Resistance
All above indicate strong bearish move. Overall the trend is bearish in larger time frame. But for smaller moves, this idea is dependent on breakout. If no Breakout then Short. Otherwise Long.
2. Bearish Divergence on daily
3. Testing Trendline and Fib (0.618) resistance in 1 hour TF
4. Dow, LHLL
5. Price is moving in Descending channel
6. Bearish Engulfer on 1 hour TF near at Resistance
All above indicate strong bearish move. Overall the trend is bearish in larger time frame. But for smaller moves, this idea is dependent on breakout. If no Breakout then Short. Otherwise Long.