Confluences for this entry:
- Double top formation indicating sell off
- Neckline has acted as both support and resistance in the past so can expect price to break + retest then meltdown into swing low zone
- Current candlestick has large upper wick indicating that the sellers have taken control of the market
1:4RR let's see how it develops.
- Double top formation indicating sell off
- Neckline has acted as both support and resistance in the past so can expect price to break + retest then meltdown into swing low zone
- Current candlestick has large upper wick indicating that the sellers have taken control of the market
1:4RR let's see how it develops.