Reason for short bias:
1. Confluent point. 4 indicators showing the possibility
2. Price has been rejected on downtrend of 50 EMA
3. Hammer formed on downtrend line with 3 prior lower high bounces
4. Price closed with hammer at a minor resistance area
1. Confluent point. 4 indicators showing the possibility
2. Price has been rejected on downtrend of 50 EMA
3. Hammer formed on downtrend line with 3 prior lower high bounces
4. Price closed with hammer at a minor resistance area