List of confluences:
1: Double Top Pattern Formation
2: Trendline Breakout
3: New Low Creating Showing a Change in Market Structure (Bearish)
4: Retest of Previous Higher Low and Double Top Neckline.
Trade duration: 2.5 to 3 weeks
1: Double Top Pattern Formation
2: Trendline Breakout
3: New Low Creating Showing a Change in Market Structure (Bearish)
4: Retest of Previous Higher Low and Double Top Neckline.
Trade duration: 2.5 to 3 weeks
Note
We back to resetting the Double top neckline, this would be a really good time to look for entries! We will be watching for consolidation around this area before looking for entries. It should consolidate of the next 1.5 days until ThursdayNote
Trade stopped out, we move on the the next setup
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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.