On D1 a potential 4 day bull trap could be happening since there is a 4 day flat high setup.
I can only see that price seem to be overextended from the exponential EMA.
My basis for a short is built on this potential 4 day bull trap but right now nothing is of conrete yet. I am looking into h4 LTF for an earlier entry and on h4 a candlestick seems to have been overextension as it does not seem to be touching the EMA based on the trend for past 6-10 hours.
Although not a guarantee, it could be likely that price seem to have a tendency to reverse, just like a ball is thrown into the air. The gradual change between potential energy and kinetic energy reminds me of how price, when it seems to have reached the top, will be pulled back by gravity.
This hypothesis is still in its primitive stage. My main movtive to short it will still be based on confirmation of regret over multi days high/low. Mean reversion merely gives me an earlier entry.