The price fails to reach a new ATH and starts a strong correction towards the green support area.
The breakdown of the support will result in the completion of the double top with the first target at the weekly SMA50, which also coincides with the medium-term support trendline (blue).
If the support holds, there will be a third attempt for an ATH.
The breakdown of the support will result in the completion of the double top with the first target at the weekly SMA50, which also coincides with the medium-term support trendline (blue).
If the support holds, there will be a third attempt for an ATH.
Note
Green arrow seems to be the right one Note
Looks like i did the wrong choice Disclaimer
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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.