OMNI1 potential to create a cup and handle or double top area.
-if the cup and handle retouch area bounces in the Fibonacci area of 19.57, you can stretch to 22.62 (white line)
-and if the area is a valid double top, it means that the 19.57 Fibonacci area is experiencing further price weakening, there are 2 confirmations for the 19.57 Fibo area and the 17.68 Fibo area (this is a note)
The entry area can be from now or the limit is at 20.74 stop loss 22.00 (6%)
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
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.