Diamond top formed on CADJPY, bulls have run out of steam. We have also hit the up-channel oblique resistance as well as the weekly sideways resistance for a nice double top. SHORT>
(excuse the messy chart)
As expected BTC is started to break below trendline D of the Diamond Top. We have had to redraw the B trendline and it no longer forms a descending triangle which makes Target 2 for Diamond top more viable now.
Use can use these targets as guidelines.
-We are seeing a bearish Divergence on the 4hr and lower timeframes for RSI since 21st september so expecting a...