We have head & shoulders formation,on the other hand we have a descending channel which indicates the bearish nature of the right shoulders adding confluence to the strength of the bears, we also have a neat golden-cross that formed. On the 20th the 4hr EMA acted as strong resistance with a nice Hanging-Man for confluence. We will wait for price action at the entry area to get into the trade, we will be scaling this trade in hopes that the significant trendline will be reached.Trade Wisely :-)
