A double top will push price down to the bottom of this channel in blue
From there price can form a bottom and start to head upwards rapidly once the bottom has formed
The double top is responsible for the current downward move
Daily chart
From there price can form a bottom and start to head upwards rapidly once the bottom has formed
The double top is responsible for the current downward move
Daily chart
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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.
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.