Possible short trade from the yellow resistance zone:
- Daily resistance
- Correction possible after the recent bullish move
- Continuation of bearish trend
However, it may reverse at the zone it is already on for some sort of correction.
If the yellow resistance zone breaks, it may fakeout to double top with the light green resistance zone at the top. However, I would also be looking carefully at it incase it breaks the daily resistance zone and retests to go long.
- Daily resistance
- Correction possible after the recent bullish move
- Continuation of bearish trend
However, it may reverse at the zone it is already on for some sort of correction.
If the yellow resistance zone breaks, it may fakeout to double top with the light green resistance zone at the top. However, I would also be looking carefully at it incase it breaks the daily resistance zone and retests to go long.
