Double top formation with relatively deep correction, now testing the 0.618 retracement, with 20 SMA and horizontal resistance confluence. Also a bearish 50/20 SMA cross-over.
Commentaire:
A close below that support zone is the next sign of strength.
A close below that support zone is the next sign of strength.
Commentaire:
Target hit and them some (a lot of some) :)
Strength for the trade if that top channel holds (shown here on the 15-minute chart).