[00:01] channel showing a strong resistance zone. At the same time, the zigzag formed a fresh top telling us the upward move was getting weak. Now look at the RSI. It touched the 70 level and then started to turn downward. This showed
[00:16] that buying strength was fading. Finally, a candle with a long upper wick appeared near the resistance showing clear rejection from the top. After one bearish confirmation candle closed, we entered the sell trade on the next
[00:29] candle with a twominut expiry. After placing the sell trade, the price made a small upward move for a few seconds, which is normal in reversals, but very quickly the market failed to make a new high. Sellers started to take control
[00:44] and the candles began to move away from the resistance zone. At this stage, we simply stayed calm, trusted the setup, and did not interfere with the trade. By the end of the two-minute expiry, the price stayed below our entry level and
[00:58] price stayed below our entry level and the trade closed in profit.