*Now for the second move..the downtrend starting from 2000.00 till 1932.18 is considered as a falling wedge,that is why when price found support on 1932.18 it rejected and went up again using bullish reversal patterns.priced reversed up till it reached a zone which was already tested two times before making this touch the third one,on this third touch I've spotted an M formation (double top) forming and currently waiting for price to react to it,If you look at the high marked above the line 1995.25 you will spot a trendline which I found is connecting to the new third touch I've identified which now acts as a second touch for a new trend which is forming inside our current trends which we call a "trend-in-trend"*
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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.