D1 : Nice recovery price action seen over the last couple of days with, for the time being,
still a failure to breakout on the upside the psychological resistance level of 60'000 (high so far
being 59'816 !). D1 is showing a potential Head and Shoulder formation in progress.
In addition, coupled with this potential reversal pattern there is also a double top in progress,
first top, tooking place on March 18th & 20th (already a small double top) and the second top being currently in
progress.
Interesting to note the perfect "doji" pattern triggered yesterday !
Watch at shorter time frames to get intermediate signal (s) which would validate or invalidate this
potential reversal pattern !
Have a nice trading day
All the best and may your long goes up and your short goes down.
still a failure to breakout on the upside the psychological resistance level of 60'000 (high so far
being 59'816 !). D1 is showing a potential Head and Shoulder formation in progress.
In addition, coupled with this potential reversal pattern there is also a double top in progress,
first top, tooking place on March 18th & 20th (already a small double top) and the second top being currently in
progress.
Interesting to note the perfect "doji" pattern triggered yesterday !
Watch at shorter time frames to get intermediate signal (s) which would validate or invalidate this
potential reversal pattern !
Have a nice trading day
All the best and may your long goes up and your short goes down.
