US 30 Double Top Possible Path to Bear
Updated
Just an idea. Not sayin this is goin down like this but I'm afraid it could play out this way.
Breakdown thru the neckline will signal sell. Rejected retest will confirm it. IF this goes down, then the bull is over.
Prices are just darn high. Stupid high. Fear may soon overcome greed; if so, hope will be dashed.
Here's a Forex link for the pattern. Break through neckline with a retest of that support is the sell signal:
dailypriceaction.com/forex-beginners/double-top-pattern
Breakdown thru the neckline will signal sell. Rejected retest will confirm it. IF this goes down, then the bull is over.
Prices are just darn high. Stupid high. Fear may soon overcome greed; if so, hope will be dashed.
Here's a Forex link for the pattern. Break through neckline with a retest of that support is the sell signal:
dailypriceaction.com/forex-beginners/double-top-pattern
Trade active
Appears to be forming a running flat correction with descending wedge on 253 support line. Could breakout up soon, possibly this week- I wouldn't short it now!Trade active
Running flat broke down, It's remarkable how the retrace approached former support and turned back EXACTLY at that price level, which was also the 0.618 Fibo. Price action suggests more bearishness ahead and significantly lower prices.
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