Short

DYDX | Double top + Head and Shoulders

Updated

The formation of a Head & Shoulders pattern along with a double Top, at the time of hitting and the below the 200 Moving-Average (MA 200) , are all signs of the beginning of a downtrend.
Trade entry points, below, the minimum price of the previous 3 candles.
Or using the Head & Shoulders pattern, and the entry price is below the neckline
Note: In the downtrend, we also have a price correction and a temporary upward movement.

✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.

Note

please pay attention: I drew the left shoulder points wrong.
The slope of the neckline should be upward ( from left to right ) and the entry price will be higher.
please pay attention to this issue

Arash-RK

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