After hitting a double top, the counter is rolling down the slope in a descending channel formation.
Now, it is at its upper parallel and facing resistance.
Hence, we reckon as a good time to sell and traders can expect a rally to the lower parallel.
Now, it is at its upper parallel and facing resistance.
Hence, we reckon as a good time to sell and traders can expect a rally to the lower parallel.
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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.