Price was in a range until we brokeout of our Supplyzone and we were already in a downtrend so the current market is still in correction we waiting for the price to play out and then we enter Buys
The previous pattern is called a Falling wedge and the market was playing in that trend up until it has reached the lower low then impulsed to the upside then accumulated in the zone then broke out and reached our higher high and created a 'M' formation then making a third touch confirming it's going to the downside
Market was in a correction for weeks then impulsed to the upside making our higher high of the week and creating M formation.In that case we see that it has hit our horizontal ray 3× and confirming that we going to the downside so we will be entering our selling positions when the market reopens
The trend was going to the upside failed to breakout making a HH(higer high)then obviously it had to create a M formation going to the downside making that a double top but in this case we see a triple top then we entering our sell positions
The Market is at the highest peak of the week also we see that it is creating triple top confirming that we going for selling opportunities and further more the trend also confirms it so we have 3 confirmation
