1) Double top 2) Neckline Break with a retest 3) Bearish pattern towards a resistance zone 4) Trendline break with a retest
Wait for price to break the pattern for entry or wait for clear rejection within the pattern for an entry Confluences: 1) Daily EMA crossover 2) Price created new higher high 3) Price finding support at 4hr EMA 4) Bullish pattern (exhaustion phase) 5) Divergence at 1hrs
Potential buy trade Either wait for a breakout of the pattern to enter or enter after a clear rejection within the pattern Confluences: 1) Bullish pattern at 1hrs chart 2) Divergence 3) Price finding resistance around 4EMA level 4) At Daily level: EMA has crossed 5) Daily chart price created New Higher High