Short
FRA40 sell bias
A third touch on the expanding pattern arrived with a double top variation (i.e. the second leg slightly higher than the first). The ray line indicates the neckline of that pattern. A confirmation to take this sell entry will be a break and retest of that neckline, which validates the pattern. The final price objective will be at the support trendline of the expanding pattern, which is also at the bottom of the move being reversed by the "M" formed. TP1&2 are set as indicated, however one can use any level to set their own tp's, these are merely recommendations.
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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.