-Price has been supported by an ascending trendline formed back in February
-Price has compressed into these 2 sensitivity areas (blue rectangles)
-Possible formation of a Double Top
-Price has been rejecting upper zones
-Waiting for confirmation (pin bar or bearish engulfing candle) in order to go SHORT
-Could have the potential to break off the trendline (with a possible retest) and then go into the lower sensitiviy area marked in blue
-Price has compressed into these 2 sensitivity areas (blue rectangles)
-Possible formation of a Double Top
-Price has been rejecting upper zones
-Waiting for confirmation (pin bar or bearish engulfing candle) in order to go SHORT
-Could have the potential to break off the trendline (with a possible retest) and then go into the lower sensitiviy area marked in blue
Comment:
my mistake: entry price in the 2nd short setup is the same as the first one.