What we can see on the chart that the price hit the upper Bollinger Band on the previous days. We have a confirmation from the Stochastic too, it shows us that the price was overbought.
Today we can see the confirmation candle which is inside the channel, so we expect the price to go dawn.
Fantastic post, very well written. Checked the asset on all the indicators that are important to me, and they are also in favor of the idea. Have a good trade!
Solldy
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I like the chart you have posted today. It looks very good. Thanks for sharing your analysis with us.