ALGO update
Algo has respected its major trend resistance for quite some time now.
We can see price get rejected at the 1.09 resistance cluster, which indicates a potential double top.
If the double top is out in play, we can expect to see a price retest to trend support possibly around ($1.40) price level.
Closure above resistance cluster would indicate a possible uptrend to test next resistance levels.
We can see price get rejected at the 1.09 resistance cluster, which indicates a potential double top.
If the double top is out in play, we can expect to see a price retest to trend support possibly around ($1.40) price level.
Closure above resistance cluster would indicate a possible uptrend to test next resistance levels.
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