Don't try to overcomplicate things with adding a hundred indicators. Clean, simple charts are most effective.
Here we're looking at a strong zone of horizontal resistance. The price hit the resistance levels perfectly and shows the earliest signs of a rejection. This is a sign for a bearish trend.
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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.