the break to the downside gives us an entry on the retest .the break to the downside provides a double top which is the reversal pattern. please let me know your suggestions on the comment section below
The chart made a reversal pattern which acted as a retracement in the impulsive leg .the pattern has three touch and formed another pattern to signify the next move to the downside .it gave us the pattern inside the pattern .
I would like to hear anything from you as we can share ideas
a strong impulsive move gave a retracement in between the strong level of the fibonacci (50-61.8) ,observation on the retracement seems to lose moment to the upward and hence result to the formation of the reversal pattern double top which signifies the start otf another impulsive move to the downside
