Double top or shift in consolidation zone
After recent sell off, price bounced back indicating bullish pressure
although it resisted at 0.7 levels of fib
Another wick rejection from 0.7 levels can create double top or M formation on intraday chart
Price might consolidate within 150-155 levels or can break
On upside if it breaks and sustain recent high then it could be quick reversal sign
although it resisted at 0.7 levels of fib
Another wick rejection from 0.7 levels can create double top or M formation on intraday chart
Price might consolidate within 150-155 levels or can break
On upside if it breaks and sustain recent high then it could be quick reversal sign
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