This is my first published chart and I am fairly new. Please understand this only an idea so do not trade this unless it fits your personal trading rules.
I see the formation of a double top combined with bearish MACD divergence. It also appears to be at an area of previous high resistance. A parabolic arc adds a more fuel to the fire.
Once price action closes below the trend I look for a nicely declining trend to the area of the formation of the double top move.
I welcome your thoughts.
I see the formation of a double top combined with bearish MACD divergence. It also appears to be at an area of previous high resistance. A parabolic arc adds a more fuel to the fire.
Once price action closes below the trend I look for a nicely declining trend to the area of the formation of the double top move.
I welcome your thoughts.