DO NOT TRADE BASED ON MY IDEAS - I AM NOT EXPERIENCED AT THIS thank you
-In the 30m chart a temporary upward trend has emerged (note perfect 50% retracements with each peak).
-However the size of the jump is proportionally decreasing each time, the next proportional decrease in size leads to a double top.
-Double top at the 61.8% retracement level for the 4h/daily downward trend may indicate a new low is on the way.
-In the 30m chart a temporary upward trend has emerged (note perfect 50% retracements with each peak).
-However the size of the jump is proportionally decreasing each time, the next proportional decrease in size leads to a double top.
-Double top at the 61.8% retracement level for the 4h/daily downward trend may indicate a new low is on the way.
Comment:
Hovering below 2200 but no volume to the upward movement. Still think it's a solid sell...