Bearish engulfing pattern plus double top
Preceding uptrend
We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle strategy, bollinger bands and linear regression.
Preceding uptrend
We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle strategy, bollinger bands and linear regression.
Comment:
Price is currently oxigenating from a double top on the daily chart perhaps it'll get to this segmented line which is different from the one I painted in the chart above.
Comment:
Here's how I'll be waiting for the potential decline with bollinger+linear regression and a candle confirmation.