What we can see in the chart is a double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
Trade closed: target reached
closed
💥 Free signals and ideas ➡ t.me/vfinvestment
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.