The overall sentiment is clearly bearish. Yesterday, the price formed a nice Head&Shoulders pattern, but huge bullish candles went straight up to grab some liquidity above the created pattern. Now, we can see that the price has carefully rejected the 0.786 Fibonacci retracement level. We are gonna wait for some more bearish candles before fully going short on this one and targeting the area plotted out on the chart.
Happy trading, family!
Happy trading, family!