Key Factors to Consider:
Breakout Confirmation – If price decisively breaks below the neckline of the double top, it strengthens the bearish outlook.
Volume Analysis – A surge in selling volume at resistance or during the breakdown can validate the pattern.
Momentum Indicators – RSI, MACD, and Stochastic Oscillator can help confirm bearish momentum.
Support Levels – Watch for intermediate support zones that could slow down the decline before reaching 3203.
Resistance: 3500
Target: 3203
Breakout Confirmation – If price decisively breaks below the neckline of the double top, it strengthens the bearish outlook.
Volume Analysis – A surge in selling volume at resistance or during the breakdown can validate the pattern.
Momentum Indicators – RSI, MACD, and Stochastic Oscillator can help confirm bearish momentum.
Support Levels – Watch for intermediate support zones that could slow down the decline before reaching 3203.
Resistance: 3500
Target: 3203
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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.
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.