The retest of the initial high failed to surpassed the price level established by the first peak, therefore price rejects the resistance level, often appearing on the charts in the shape of a 'M'. This particular Double Top formation is the Traditional Double Tops.
Note
Wait for the CTL break and await for the pullback on the 61.80% to enter for a possible short.
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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.