We got a nice break of our trend line, combined with a double tops!
TDI is bearish, but price is currently still in our flipzone... (previous resistance, now support)
Best thing to do here is to confirm first: wait for the break + enter the retest.
Profit targets for shorts are .382 - .618 on the fib. scale.
Rejection of the flipzone invalidates the short idea.
Remember: Trade the trend, confirm the reversal!!!
TDI is bearish, but price is currently still in our flipzone... (previous resistance, now support)
Best thing to do here is to confirm first: wait for the break + enter the retest.
Profit targets for shorts are .382 - .618 on the fib. scale.
Rejection of the flipzone invalidates the short idea.
Remember: Trade the trend, confirm the reversal!!!