Ankr - double top

On the above 4-day dollar chart price action has rallied 15000%. A number of reasons now exist to be bearish, including:

1) The ‘incredible sell’ signal.

2) Price action prints a lower high thereby creating the bearish *double top* pattern.

3) The bearish rising wedge.

4) On the 10-day chart below a large bearish engulfing candle is printed.

Is it possible price action rises? Sure

Is it probable? No. Remember, 15000%.

A candle body closing above 18 cents voids this trade.

Good luck!

WW


10-day chart

Trade active:

-40% so far. Watch the 2 cent mark for support.

Trade active:

Down about 60% so far. A death cross has now confirmed on the weekly chart below. 1.3 cents seems like a probable target.

Trade closed manually:

-80% correction.