Sell Trading Strategy Based on Price Action and Volume Analysis

1. Initial Uptrend:

At the beginning, the price was in an upward trend, as shown by the ascending trendline that supported price movement to the upside.

2. Failure to Continue Rising:

The price reached a new high and then started to decline. It later attempted to rise again to retest the trendline but failed to break above the previous high. This is the first sign of weakness in the bullish trend.

3. Trendline Break and Formation of a New Low:

After failing to create a new high, the price dropped strongly and broke the ascending trendline (Breakout). Additionally, it moved below the small previous low, forming a new lower level. This confirms that buyers have lost control.

4. Break of the Previous Low (Reversal Confirmation):

The price continued to drop until it broke the horizontal support level, which was the low formed before the last attempt to rise. This break is considered a strong signal that the trend has shifted from bullish to bearish.

5. Sell Entry Signal:

After breaking the previous low, a large bearish (red) candle appeared accompanied by strong trading volume. The high volume confirms the strength of the selling pressure. The price failed to rise despite heavy activity, indicating that sellers are in control. This point represents the entry signal for a sell trade.

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Summary

The strategy is based on identifying weakness in the uptrend, waiting for multiple confirmations of trend reversal (such as trendline break and breaking previous lows), and then entering a sell position with confirmation from high trading volume.