Technical analysis

(Explanation of bearish price behavior )

In the model in the picture, we observe a market that was moving casually (fluctuating between buying and selling), which formed a support zone for the price, where the price bounced up more than once, but as we note, the market retested the zone to be able to then surpass it

As it is known, the support zones after the price passes them become a resistance zone, and this explains the downward trend of the price so that there were sellers, which created a downtrend, and at the rhubarb number (166.000) the price reversed upwards to test the resistance zone, but failed to break it to complete the market with a downtrend of three candles, as it is clear

Conclusion the market made here a great opportunity to take a fixing bearish trade after breaking support and turning into resistance as well as after retesting the area that it failed to break .