After the Nasdaq failed to break to the upside, it is now retesting it after bouncing off a strong daily resistance. It enters a strong buy zone with a breakout below the long candle and an open target.
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After the Nasdaq failed to breach the bullish trend, it is now retesting it after rebounding from a strong daily resistance. It enters a strong buying area with a penetration below the long candle and an open target.
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We notice that two successive peaks “A” and “B” are formed on the daily frame, and the formation of a bearish trend has begun, which indicates that the sellers have begun to control the market, as well as the emergence of the “B” and “C” double top patterns, which suggests a significant decline if the price breaches the neck area
To confirm the pattern, it must be...
