A double top reversal pattern (1st confirmation) has formed at a resistance area and 3rd trendline touch of a rising flag (2nd confirmation). The double top neckline has recently been crossed (3rd confirmation), waiting for a retest (4th 'entry' confirmation) to go short as illustrated. A violation of the top of the reversal pattern invalidates the setup (hence the sl area).
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.