Key Areas Marked to Explain the Reasons for Choosing to Sell (SE

25 ส.ค.

1. Double Top Reversal: In the chart, two tops are marked, forming a classic reversal pattern that usually signals a potential price reversal. These patterns typically indicate that the market has reached a resistance level and is pulling back quickly, suggesting that the bullish momentum is weakening.
   
   
2. Supply Zone (Seller IMB): The red zone highlights a supply area where strong selling pressure was encountered after bulls attempted to push prices higher. The price repeatedly tested this area but failed to break through, indicating that the selling pressure in this zone is significant.
   
   
3. Breakout: The chart indicates a breakout from the trendline, suggesting that the price may continue to decline. This breakout serves as another signal for choosing to sell.
   
   
4. Trendline (T1 and T2): The trendline marks the target areas for the bearish move.