A lovely trendline has formed on this 4H chart, you can see yourself where and how many times price has respected it.
Price did recently breakout bullishly and made a good run up... but soon fell sharply back down below our trendline again and carried on with the trend of respecting the TL again.
We can only see price respecting this TL again therefore we are predicting bearish movement.
Now I'm logging off as I have a big Sunday roast to demolish just to fuel me for a long night of trading at market open ;p
Price did recently breakout bullishly and made a good run up... but soon fell sharply back down below our trendline again and carried on with the trend of respecting the TL again.
We can only see price respecting this TL again therefore we are predicting bearish movement.
Now I'm logging off as I have a big Sunday roast to demolish just to fuel me for a long night of trading at market open ;p