It is been observed that the price action is trending in a channel for a while and now it is currently ranging near the upper trendline
of the channel or resistance levels where a pull back to other trendline
or support can possibily be seen before a breakout on either side of the channel.
Other Indicators signalling Bearishness:
One can take a short positions with good risk reward
as mentioned below;
Risk Reward: 1:5