Good day all, This article is an extension of my previous article, which basically explains the direct correlation to the previous bear market structure. The first article is recommended to be read prior to this and therefore I am linking it below: Now that you have scoped that article all of this will make sense. I have zoomed the time frame to the daily...
There are 3 targets I'm looking at, 1st level will be where the arrow ended. Target 2 previous recent low and Target3, your guess ya. Do your own analysis for your trade and remember always to place a good stop.
Double Top, candle close below support, turn resistance. Stop Loss shifted to Entry. Risk-Free Trade Attained.
Double Top spotted with RSI Div, Overall Trend Bearish on both Daily and H4 Chart.