Once this breaks below the double top neckline, bears will be pushing this down, below the neckline EVERYONE has been talking about, but the true test will be when it retests the neckline, as resistance. If it fails, then this double top has an 18% drop ahead, but nothing would be better than ripping it higher as bears become net buyers in a short squeeze that may finally help us break out above top of range, or at least tag it!
Note
Have retested neckline as I state a couple weeks ago. Looks like more tilted to bear side, but let's see if this can break above neckline, retest and go!
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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.