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Price formed a Double Top pattern. In case there is a confirmed breakout of the 50 MA we can initiate a short position.
Break back above the Horizontal Resistance should be considered as a bullish sign
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price formed a Double Top pattern. In case there is a confirmed breakout of the 50 MA we can initiate a short position.
Break back above the Horizontal Resistance should be considered as a bullish sign
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.