Confirmations for 2618:
- double Top
- measure bearish impulse
- retracement at 0.618 (on this case a pullback)
- sell towards -0.27 (take profit)
Double Top + 0.618 = 2618
Good Trading.
- double Top
- measure bearish impulse
- retracement at 0.618 (on this case a pullback)
- sell towards -0.27 (take profit)
Double Top + 0.618 = 2618
Good Trading.
Note
Major retracement at 0.786 Note
Consolidated all the way to 0.786 - 0.886 area (Major Retracement).I expect to look for bearish movement at this consolidation.
Good Trading.
Order cancelled
Price did went bearish when it consolidated at resistance, but 2618 trade has been cancelled.
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Related publications
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.