Confluence example - 5 reasons to sell

2022년 6월 28일

We have trendline that connects highs and price is trending down. We also see resistance zone formation that price tested 3 times. On the 3rd
touch price also tested the trendline and formed bearish candlestick pattern. Stochastic indicator worked
well as it gave another confirmation so sell (red circle).
1. Downtrend
2. Trendline
3. Resistance
4. Bearish Candles
5. Stochastick Osc.