Bearish engulfing pattern plus double top
Preceding uptrend
We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle strategy, bollinger bands and linear regression.
Preceding uptrend
We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle strategy, bollinger bands and linear regression.
Note
Price is currently oxigenating from a double top on the daily chart perhaps it'll get to this segmented line which is different from the one I painted in the chart above.Note
Here's how I'll be waiting for the potential decline with bollinger+linear regression and a candle confirmation.
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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.