Double Top Continuation?
Updated
Setup as follows. For 2nd TP target, will trail depending on price action
Reason:
1. IMHO Bears in 4 Hour is still in command despite some bullish strength
2. We see consolidation once price reaches previous double top zone which could possibly mean bull weakness
Reason:
1. IMHO Bears in 4 Hour is still in command despite some bullish strength
2. We see consolidation once price reaches previous double top zone which could possibly mean bull weakness
Trade closed: stop reached
Stopped out from this setup. Market did went down but only after the next pullback wave.
In other words, fell short on timing and of course Mr. Market doing what it does best...
Chaos and unpredictable :)
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