Looking at the daily chart the price has been ranging since Dec 2022 and briefly broke out in the beginning of May but respected a vertical resistance and made a strong bullish move back below the broken Horizontal Resistance, again perfectly respecting the vertical support and moving up from there back to the Resistance.
Looking at the 4HR it is now busy forming a potential double top, should the 4HR candle close below the neckline I will wait for the retrace of the broken neckline and sell down to the Vertical Support where I will again look for potential buys.
This is not a signal, I am still learning and any feedback would be greatly appreciated.
Thanks
Looking at the 4HR it is now busy forming a potential double top, should the 4HR candle close below the neckline I will wait for the retrace of the broken neckline and sell down to the Vertical Support where I will again look for potential buys.
This is not a signal, I am still learning and any feedback would be greatly appreciated.
Thanks