DESCRIPTION
A well-executed sell opportunity.
Our analysis indicated that the market was entering a strong bearish trend while approaching the upper trend line (TL), as highlighted on the chart.
The price rejected the upper trend line with precision, aligning with the 86.2% Fibonacci retracement level, providing a high-probability selling opportunity.
Following the rejection, a Doji candle confirmed the bearish momentum, marking the beginning of a strong and profitable downtrend.