We have a very busy chart here, lots of thing happening that are telling us prices are about to drop! We can start seeing the double top from the 4 hour chart, it continues on every time frame, which is a signal to sell! On the hourly chart we have price action forming the double top right on a resistance area, we can see price action is spending some time there, which tells me price is resisting that area, and will soon look to head down! Price action has broken through an important trend line, price action came back up to retest this trend line, found resistance there, and is now dropping firmly! Price action is also resisting a pivot point level at the same time as the strong resistance line!
On the 30 minute and the 15 minute time frames, we now can see a head and shoulders pattern, which tells us price is looking to make a good drop! On the 30 minute chart that current curve is a railway track formatu
On the 30 minute and the 15 minute time frames, we now can see a head and shoulders pattern, which tells us price is looking to make a good drop! On the 30 minute chart that current curve is a railway track formatu