Reason to entry:
-Divergent and Overbought RSI
-AB=CD pattern
-Double top form at 141.4 extension of Butterfly pattern
-Valid pattern
Entry:
-141.4 or 127.2 extension of Butterfly
-if pattern goes higher, re-entry at 161.8 extension
Exit:
#1 38.2 retracement
#2 61.8 retracement
Void if:
-price breakout 161.8 extension
-price make new high and invalidate double top
Manage your trade well!
-Divergent and Overbought RSI
-AB=CD pattern
-Double top form at 141.4 extension of Butterfly pattern
-Valid pattern
Entry:
-141.4 or 127.2 extension of Butterfly
-if pattern goes higher, re-entry at 161.8 extension
Exit:
#1 38.2 retracement
#2 61.8 retracement
Void if:
-price breakout 161.8 extension
-price make new high and invalidate double top
Manage your trade well!
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.
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.