What we can see in the chart is a double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
Trade closed: target reached:
closed
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