As seen on the chart, we have a double top pattern (the M pattern) which signals price to fall back to the previous support line at $220 which is the lower trendline.
Also, a trendline breakout upward may occur, and push price upward to $260
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Also, a trendline breakout upward may occur, and push price upward to $260
What do you think?
Share your opinion in the comment section.😇
Please support this idea with LIKE👍 if you find it useful.🥳
Follow me to receive more contents like this.🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
Trade active:
"Play" the chart and pay attention to the inverse head and shoulder pattern in play which signals a short sell to $160 before a huge long buy to $240.
The left shoulder and the head has completed its formation. We are waiting for the right shoulder.
What do you think?
The left shoulder and the head has completed its formation. We are waiting for the right shoulder.
What do you think?