- Price has slowed down and is now looking to make a reversal or a retracement.
If you look to the left at previous price history you will see that price has met resistance at an area that previously acted as support.
In the bigger scheme of things price has been in a downtrend and i think i see price making a new Lower high on the bigger time frame.
I see price retracting to test the previous high. Then shooting back up to test the trendline (the red line), ultimately making a double top before falling yet again.....
Please Like, Follow or Comment. What do you think???????