BAC 06.08.19 Short

Asset and Time frame -4 Hours
Entry Price -27.83
Exit(Stop Loss) -28.49
Exit(Take Profit) -26.63
The range between SL and entry - 0.66$

Technical Analysis -4 Hours chart breaks the daily channel, Fibonacci was drawn on the 4H chart making an ABC pattern, the target is the -61.8 and the stop loss is just above the 0.382
Why not enter the trade -RSI is in oversold, I should give the price action some space for a pullback(?).
Is the Market overbought or Oversold -Oversold
What direction does the market move -Bearish
Higher Highs / Lower Lows -Lower highs and lower lows.



What can be improved -
Conclusion & End of Trade -