Advanced Trend Analyses
Looks like DoubleTop in Resitance after ABCD Retracement. This hase everything that a trend follower wants to see for conservative entry.
First we get the new swing low wich indicates more downside potential than upside - check
ABCD Retracement into Resistance (since C retraced deeply into AB, it is natural that D is a smaller Fib extention here 1.27 of AB instead of 1.618 of BC) - check
Double Top right into Resitance. For very conservative entry one can wait for the "V" low between the tops to break and hence confirm the DT
First we get the new swing low wich indicates more downside potential than upside - check
ABCD Retracement into Resistance (since C retraced deeply into AB, it is natural that D is a smaller Fib extention here 1.27 of AB instead of 1.618 of BC) - check
Double Top right into Resitance. For very conservative entry one can wait for the "V" low between the tops to break and hence confirm the DT
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