CLOSER look at the 4 hour chart.
Folks,
These are possible scenarios.
I have looked in the past how price tend to react when a double top is being formed. Well you see the declines in price.
When this double gets confirmed (this recent candle should close where it is now) then you expect price to fall back at around $43.-/43.5K.
This is line with the fibonacci retracement points.
Again it doesn't mean this is the scenario that is going to happen next.
NO!!
only a possible scenario.. This is what people mean when they say try to think in HIGH PROBABILITIES or POSSIBILITIES while trading. Well this is it.
Look for more information in to the chart.
These are possible scenarios.
I have looked in the past how price tend to react when a double top is being formed. Well you see the declines in price.
When this double gets confirmed (this recent candle should close where it is now) then you expect price to fall back at around $43.-/43.5K.
This is line with the fibonacci retracement points.
Again it doesn't mean this is the scenario that is going to happen next.
NO!!
only a possible scenario.. This is what people mean when they say try to think in HIGH PROBABILITIES or POSSIBILITIES while trading. Well this is it.
Look for more information in to the chart.
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