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In the one-hour time frame, the RSI indicator is decreasing and it registers lower peaks.
On the other hand, the price is below the resistance zone and is still involved with the midline of its ascending channel.
If the candle closes below the midline of the ascending channel (confirmation candle), you can have a positive opinion on the short position.
Check it.
In the one-hour time frame, the RSI indicator is decreasing and it registers lower peaks.
On the other hand, the price is below the resistance zone and is still involved with the midline of its ascending channel.
If the candle closes below the midline of the ascending channel (confirmation candle), you can have a positive opinion on the short position.
Check it.