Chart: Daily Time Frame
Market Trend: Bearish
Dominant Trend: Bearish (D,W,M)
Bearish Evidence
1. Pull back to 50 EMA with a bearish candlestick pattern at this dynamic resistance level
2. Price rejecting daily / weekly resistance level
3. price is forming a lower high relative to previous high found on 4th Nov candle
Market Trend: Bearish
Dominant Trend: Bearish (D,W,M)
Bearish Evidence
1. Pull back to 50 EMA with a bearish candlestick pattern at this dynamic resistance level
2. Price rejecting daily / weekly resistance level
3. price is forming a lower high relative to previous high found on 4th Nov candle