Multiple rejection at channel resistance as price forms firstly a shooting star last week, and a bearish meeting line today. A strong Bearish divergence on Chaikin Money Flow Index is also clear. I expect a retest of 50.85-50.15 support area very soon, unless price manages to take the channel resistance and the high of today's candle.
Bearish Meeting Line: Not very common candle pattern, the bearish meeting line is a down day that closes at or very close to the prior day closing price, hence meet.
Bearish Meeting Line: Not very common candle pattern, the bearish meeting line is a down day that closes at or very close to the prior day closing price, hence meet.