Tripple top with a broken trendline first was a fakeout then broke trend now retesting trendline ...
Resistance has been respected and rejected while reversal pattern has formed. Break of neckline will serve as another form of confirmation and market will continue to the down side.
A simple example of break, retest and bullish we go. Only confirmation needed now is just for the candle sticks to close above our previous resistance and now turned to our new support on our 15 min chart.
Double top has been formed and completed after our uptrend was broken as well so if you haven't entered look for an entry and short it. will follow through as it trends.
Minor resistance has rejected price from breaking the trendline has been broken and already falling to 132.502. That could be our 1st TP. 2nd TP, which is leading towards our major support, 131.448.
10/19/2019 There is strong resistance and the 8000 price mark that most of us had thought would be reached has gone and failed, falling to its current price (7864.7) also breaking and retesting the 15 min trend line. My short target is far fetched yes but it seems possible yes. any pointers that may be able to help or clarify maybe correct are welcome as we are...