VasilyPonomarev
Short

SPY SHORT: Double Top

FX:SPX500   S&P 500 Index

though I have already shorted spy ,
for now, there is another perfect selling setup for those who missed the trade.

on 4h chart the market has formed a classic double top pattern with lower high
and RSI divergence.
I trade this reversal pattern waiting for a bearish breakout of minor support beneath it.

T1 - 2945
T2 - 2900

Stop - 3028
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CptSafety VasilyPonomarev
@VasilyPonomarev, what do you think about the conflicting variable of higher levels of positive momentum on the second top?
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@CptSafety, I see the second top as the negative momentum because the market has set lower high!)
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