The Main reasons to think that a bearish movement is about to star are the next ones:
A) Same situation than the bearish movement in October 2018
observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario.
B)The current Technical situation on the 4hs Chart:
-The price is facing a Resistance Zone
-Volume decreasing ( Weakness of the bullish movement)
-On the resistance zone , we can see a Pin bar on that area (reversal pattern)
-On the 15minutes chart, we can see divergence on the last movement that is making.
Based on this, we expect a bearish movement to start at any moment, if that happens we will be looking for short opportunities on the first Corrective structure out from the ascending trendline .
We will cancel this idea if the price keeps rising above the current Resistance zone .
Updates coming soon!