Note: This is for educational purpose only.
There seems to be a build up near channel support which shows lack of demand or lack of buying pressure. Moreover, there is a big red candle formed near support with high volume. You can short on breach of the channel.
There seems to be a build up near channel support which shows lack of demand or lack of buying pressure. Moreover, there is a big red candle formed near support with high volume. You can short on breach of the channel.