higher time frame is showing range bound price action- negative divergence in rsi
closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum
lower time frame shows price action in that same range contraction apply pressure to the support area with multiple retest
looking for alignment across all timeframes to tilt to the bearish side where theres is the least resistance to the downside
first level to 51.7x area and then down to 51.1x
closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum
lower time frame shows price action in that same range contraction apply pressure to the support area with multiple retest
looking for alignment across all timeframes to tilt to the bearish side where theres is the least resistance to the downside
first level to 51.7x area and then down to 51.1x