Hello Traders!
What do you see on this chart and what are your expectation and interpretation of what you see?
What i see on a 4 hour chart is the following: we hit the resistance level on 15th November after which we proceeded to the pullback action where we stopped at 1732.5. 1809.6 is our latest local resistance level which we reached and made a double top and continued to the downside.
for it to keep on the bullish trajectory i expect it to close below 1786.7 and possibly expect a fake-out on 1809 level.
What do you see on this chart and what are your expectation and interpretation of what you see?
What i see on a 4 hour chart is the following: we hit the resistance level on 15th November after which we proceeded to the pullback action where we stopped at 1732.5. 1809.6 is our latest local resistance level which we reached and made a double top and continued to the downside.
for it to keep on the bullish trajectory i expect it to close below 1786.7 and possibly expect a fake-out on 1809 level.