Technical analysis by arsalankhan9394 about Symbol S: Sell recommendation (4/6/2024)

Phantom is in a downtrend with clear LH's and LL's on 15M timeframe and following a trendline drawn by connecting the LH's. There are 2 possible scenarios for entry point, one at fib retracement of .382 with immediate rejection from that level. the other is a would be confluence point of trendline and .382 fib retracement level. Both the scenarios are marked on the chart. RSI shows bearish continuation signal as there is no bullish divergence on the chart as marked