it formed a double top before and broke down the support, now the level line is currently a resistance and has rejected going above it in the previous swing.
it is likely to form a double top again on that level, wait for enough confirmation to place your sell order. if it accepts the hypothesis of it being a double top wait till it breaks the support till it finds a new support.
and if it forms a lower high there is also a high probability it will form a lower low too
it is likely to form a double top again on that level, wait for enough confirmation to place your sell order. if it accepts the hypothesis of it being a double top wait till it breaks the support till it finds a new support.
and if it forms a lower high there is also a high probability it will form a lower low too
Note
PLEASE FOLLOWNote
it has broken the resistance; uptrend
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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.