Setup 1HR chart
Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)
Nice 100 pips.
These are the reasons why this was a short:
1. Have reached Previous Daily resistance as well as 50 Fib
2. High Speed Index of 40.2
3. Our weighted volume indicator ND NS TD shows much higher volume at the top.
In more details if we examine the 40.2 SI area at the 5min chart we note the following:
High Speed Index on the down wave of 18.4 (First Push) then High Speed Index on up move of 14.6 (hard time to move up) -sellers