As shown, in the yellow area we can observe price resistance, where the market failed to break through each wick and currently has started to drop. On the daily chart, we can observe a change of trend - proceeding downtrend and as the market retraces, we look for sells.
Change of trend - 3 wicks that show resistance - pullback on the daily chart.
A blue line has been marked where you can enter the trade, as the price has been dropping and jumping on a mid trade wouldn't be efficient. Look for pullbacks and enter for a sell.
Change of trend - 3 wicks that show resistance - pullback on the daily chart.
A blue line has been marked where you can enter the trade, as the price has been dropping and jumping on a mid trade wouldn't be efficient. Look for pullbacks and enter for a sell.