We can see previous uptrend and how price got to where has currently landed.. We can now see the downtrend that has now formed creating a resistance above.
We can now use that resistance as an entry to sell/short the market.
This entry will be valid as long as price respects the resistance/ Down trend levels.
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.