good day traders, let's take a look at this chart. We can see that the market is in a down trend after it broke out of support and ending the range(Purple rectangle), We should be expecting sells now that the price has reached the dynamic resistance and if the 1H candle stick closes below the dynamic resistance we should look for sells as that is the confirmation of bears taking over the market
remember- always wait for a candlestick confirmation before entering
remember- always wait for a candlestick confirmation before entering
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.