If we see a double top form with a break of the channel to the downside, i see a possibility to short. ONLY IF REQUIREMENTS ARE MET:
1. Failure to make new high. (double top)
2. Breaks lower channel of the flag pattern formed right now.
3. Sell off the retest not breakout of channel.
***The golden box represents the 50-61.8% fib zone
1. Failure to make new high. (double top)
2. Breaks lower channel of the flag pattern formed right now.
3. Sell off the retest not breakout of channel.
***The golden box represents the 50-61.8% fib zone
Comment:
did not turn out however not a loss! just no trade :)