Based on current price action, the HTF showing a ascending channnel with a downtrend since July.
LTF also showing multiple sell signal
- Ascending channel since August 19th
- Ascending channel since Sept 22th
- Possible head and shoulder
- Double TOP ( Previous top at August 12th)
The analysis are based on HTF which is at a down trend follow by adding sell confluence on LTF
Safer entry would be waiting the HNS to form which is the consolidation after the LTF ascending channel breakout.
LTF also showing multiple sell signal
- Ascending channel since August 19th
- Ascending channel since Sept 22th
- Possible head and shoulder
- Double TOP ( Previous top at August 12th)
The analysis are based on HTF which is at a down trend follow by adding sell confluence on LTF
Safer entry would be waiting the HNS to form which is the consolidation after the LTF ascending channel breakout.