1. Consiering those two spikes as a double top, as it also shows signs of sellers having power in this area as it keeps failing to break this resistance
2.Price is stuck in an ascending triangle/wedge and we know this to be a bearish chart pattern.
3. Lastly, we have to be patient and wait for confirmation of this trade idea, which will be a break of the trendline. We can also wait for a retest of the trendline to minimize risk.
Use own discretion when taking this trade, this is just my idea and what I think might happen. Whatever the out come we keep learning. All the best!
2.Price is stuck in an ascending triangle/wedge and we know this to be a bearish chart pattern.
3. Lastly, we have to be patient and wait for confirmation of this trade idea, which will be a break of the trendline. We can also wait for a retest of the trendline to minimize risk.
Use own discretion when taking this trade, this is just my idea and what I think might happen. Whatever the out come we keep learning. All the best!