Double top reversal pattern started this descending channel.
Waiting for a bearish candle to form to confirm a push to a lower low. Price could be making its way to the daily trendline I have put that trendline in black on the chart to show
where the channel could be headed.
Waiting for a bearish candle to form to confirm a push to a lower low. Price could be making its way to the daily trendline I have put that trendline in black on the chart to show
where the channel could be headed.
Comment:
Bearish candle has formed but is experiencing extreme pushback from furthering developing. I would like to see this bearish candle break the previous lows before entering short.