Missing the "V" shape on this double top, but until now all the behavior is similar to a 2618 trade setup...
Double top, neck broken, found support @1.435$ previous resistance, retracement... (CHECK LINK BELOW )
Now, IF the price hit the 61.8% retracement (previous neck) and IF there's any indication of a reversal, we can sell this pair with an AB=CD basic pattern as target. Also with one harmonic pattern on the way, one bullish Gartley pattern that will complete his formation around @1.4267, forging point D. The same, IF we see any indication of a reversal at this price level, as rsi divergence on oversold conditions or macd or whatever indicator we are using, we can think about buying this pair...
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.