Price traveled up in an uptrend until it hit a Key resistance level and could not break through then proceeded to pullback then hit supp and did not break which boosted it up to print a double top which also happened to hit the top of trend channel and printed a rejection candle then proceed to the downside. After double top formed, neckline was broken and price is currently retesting neckline as it holds it's resistance. Clear structure break and price should head to the downside. Can see that price has broken the 50 EMA and is now edging on it as well. #newbietrader
Feedback is well needed if possible
Feedback is well needed if possible
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.