CISCO: bearish pattern foundCisco (CSCO) Forecast:
Double gap pattern spotted for Cisco (CSCO), with expectations for the price to decline to the $64-$65 range in the next days.
Confirmation
This forecast is supported by my script, "Volatility Bars".
Additional Insights
I expect that the price will retest support area $64-$65 before initiating a new bullish trend.
Keep an eye on market conditions and any news that may impact Cisco's performance.
Trading Ideas
Short Position:
Entry: Current market price
Take Profit (TP): Set at 5%-6% below the current price.
Long Position:
Entry: Wait for a retracement to the $64-$65 area to buy.
Feel free to share your thoughts or any additional insights!
