Intraday Bearish: 1-Hour Pullback: The 1-hour chart shows a temporary reversal or retracement against the prevailing trend.
15-Minute Bearish Engulfing Candlestick: A bearish engulfing candlestick pattern on the 15-minute chart signifies a strong shift in momentum from bullish to bearish.
5-Minute Double Top: The appearance of a double top pattern on the 5-minute chart is a bearish reversal pattern. It forms when the price reaches a peak, retraces, and then fails to surpass the previous peak, creating two consecutive peaks at approximately the same price level.
15-Minute Bearish Engulfing Candlestick: A bearish engulfing candlestick pattern on the 15-minute chart signifies a strong shift in momentum from bullish to bearish.
5-Minute Double Top: The appearance of a double top pattern on the 5-minute chart is a bearish reversal pattern. It forms when the price reaches a peak, retraces, and then fails to surpass the previous peak, creating two consecutive peaks at approximately the same price level.