SETUP 1: Resistance, 2 Trendlines, (possible double top).
Entry: Bear confirmation candle - Engulfing candle(inverse hammer, doji are extra confirmations and make for a stronger entry).
SETUP 2: Break and retest of resistance and trendlines.
Entry: Bull confirmation candle.
Entry: Bear confirmation candle - Engulfing candle(inverse hammer, doji are extra confirmations and make for a stronger entry).
SETUP 2: Break and retest of resistance and trendlines.
Entry: Bull confirmation candle.
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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.