Very bearish candlesticks formation!
Comment:
To play the above formation entry should be now @9300 with short position with target around 7000 but sl above 11800. Thats ridiculous risk/reward ratio. I start to think that stoplosses @ around 12000 will be soon activated by an unexpected wave.
Comment:
current situation - trend looks for now like bearish, but for me that double top formation is too risky to get short with so wide SL (@12000)
and longs for now, where there is no bull market for now are even much risky
and longs for now, where there is no bull market for now are even much risky
Comment:
{image]
bearish engulfing candlesticks pattern @Weekly chart
bearish engulfing candlesticks pattern @Weekly chart
Comment:
Comment:
bulls are here in trouble
like this double top formation: