CHINA50 Potential Bearish Movement - setup forming

CHINA50 Potential Bearish Movement - setup forming

we are waiting for a momentum candle close below the last swing that touches the lower blue trendline to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Channel pattern (in blue)
3- Resistance / Supply zone from Daily


Three confluences are enough to consider Selling CHINA50, after a momentum candle close below the last swing touching the lower blue trendline (in gray)

*meanwhile, this pair is overall bullish until the sell setup is activated