Confluences:
1) Daily Market structure is bearish
2) 4HR Retesting previous support as resistance
3) 1HR Bearish engulfing candle stick pattern at the new resistance
4) 1HR Break and retest of support as new resistance showing evidence of potential continuation lower
1) Daily Market structure is bearish
2) 4HR Retesting previous support as resistance
3) 1HR Bearish engulfing candle stick pattern at the new resistance
4) 1HR Break and retest of support as new resistance showing evidence of potential continuation lower