- Price broke Key Resistance level at (186.049 - 185.625) and close above the level.
- Price later retested Key Resistance Level & formed Head & Shoulders pattern Neckline at (185.883 - 185.633).
- Rising Bullish Trendline Tested Multiple Times.
* Break of Trendline Entry since we are going against the dominant uptrend.
* Wait for Break & Retest of Head & Neckline at (185.883 - 185.633)) for Entry .
Without either of these 2 conditions the bearish trade setup is invalidated.
- Price later retested Key Resistance Level & formed Head & Shoulders pattern Neckline at (185.883 - 185.633).
- Rising Bullish Trendline Tested Multiple Times.
* Break of Trendline Entry since we are going against the dominant uptrend.
* Wait for Break & Retest of Head & Neckline at (185.883 - 185.633)) for Entry .
Without either of these 2 conditions the bearish trade setup is invalidated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.