Price Action: Sharp Rejection from the Upper Resistance Line, in a confirmed downtrend.
Indicators:
MACD about to crossover for a bearish Signal.
Stochastic indicating an over brought Position as its above the 70 line.
Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
Indicators:
MACD about to crossover for a bearish Signal.
Stochastic indicating an over brought Position as its above the 70 line.
Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
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