✅ Weekly: Strong resistance level + Morning Star, which indicates strong bearish pressure from long-term position traders.
✅ Daily: Double-top, last higher-low broken + daily close below inner trendline.
✅ High Volume with POC above current price levels, inner upward trendline break, first LL outside of structure. Close near weekly + daily lows on Friday.
👉 Conclusion: Bearish Setup for the WSI Watchlist. We have to check price action at the beginning of the week to find a potenzial short entry.
👉 Precise Trades (Entry, 1 SL, 1 TP) in the WSI VIP Package. Mentoring inclusiv. Contact us @TeamWSIMeikel with any questions.
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