Hi mate, i totally miss read the chart..
Hindsight makes everything more clear
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here's a chart with negative divergence in background.. that's one reason to be watchful if going long. second was the high volume selling on that peak. .. and unfortunately just after i took it.. is the third .. a classic short entry setup (with weakness in background as we've just discussed).. you can see those three encircled candles.. check the volumes.. 1. Higher volume down closing on butt. 2. less volume but climbs. 3.. the no demand short entry.. even less volume up bar/candle. .. with the very next candle immediately slipping south on an increase in volume.. then away it goes..
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Now the chart just had a green candle on the 30 min time frame , but it's got wicks which is means it's thin on volume, also it's now starting to make lower lows which means it's in a downtrend. Will need to watch the black support line now.. does it bounce of that or go lower ?
