here on our two hour chart we can clearly see price has now hit our top resistance of a previous high, forming the double top.
It has rejected the resistance on a lower time frame so we have entered the short position on a medium term trade. we have also kept an open trade here as it looks like it has the potential for a massive sell off.
It has rejected the resistance on a lower time frame so we have entered the short position on a medium term trade. we have also kept an open trade here as it looks like it has the potential for a massive sell off.
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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.