📉 Key Bearish Signals
Downtrend Channel
Price is consistently respecting a descending channel — lower highs and lower lows.
This is a classic bearish structure, indicating sellers are in control.
Rejection from Upper Channel Line
Price recently tested the upper boundary of the channel and got rejected.
This is a strong signal of continued downside as bulls failed to break out.
Break Below EMA 200
Price is trading well below the 200 EMA, showing a longer-term bearish bias even on intraday charts.
The EMA is acting as dynamic resistance.
Volume Confirmation
Increased volume seen during the sell-off near the channel top — confirms institutional selling or large participant exit.
Lower Highs Formation
Even when price bounces, it's making lower highs, a clear sign of distribution and selling into rallies.
Conclusion
Yes, it's a clear selling structure. Price is respecting the downward channel, rejected the 200 EMA, and has volume backing the move. Short-selling on rallies within the channel, with stops above the upper trendline or EMA, would align with the trend.
Downtrend Channel
Price is consistently respecting a descending channel — lower highs and lower lows.
This is a classic bearish structure, indicating sellers are in control.
Rejection from Upper Channel Line
Price recently tested the upper boundary of the channel and got rejected.
This is a strong signal of continued downside as bulls failed to break out.
Break Below EMA 200
Price is trading well below the 200 EMA, showing a longer-term bearish bias even on intraday charts.
The EMA is acting as dynamic resistance.
Volume Confirmation
Increased volume seen during the sell-off near the channel top — confirms institutional selling or large participant exit.
Lower Highs Formation
Even when price bounces, it's making lower highs, a clear sign of distribution and selling into rallies.
Conclusion
Yes, it's a clear selling structure. Price is respecting the downward channel, rejected the 200 EMA, and has volume backing the move. Short-selling on rallies within the channel, with stops above the upper trendline or EMA, would align with the trend.
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.
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.