Double tops and higher highs can be synonymous to some traders. I believe that is ok, but they both speak to different Technical Analysis. A trader who trades may not recognize the higher high as following the trend, but rejection. Where as a trader who trades higher highs may see the high as buyers pushing the market higher and will wait for a pullback. I...
Price broke high from over 20years. After making a double top to a resistance but was not considered the turning point, on the the new high price is range I see high probability for long now.
I've decided to execute a long AUD/NZD trade back to 1.10000 level. After seeing price retest the daily support, 50% fib, 50 EMA, oversold stochastic with multi-day rejection followed by a bullish engulfer, this trade seems like a no brainer to me. (Note, this is not a signal, just general market analysis)
ADSK has a positive divergence pattern with MACD/Volume Oscillator. This new combination indicator often leads price action, which is beneficial to Swing and Momentum Traders.
As we see price is moved down with big momentum. Trend is Sell. For us are better to wait for pull beak to Sell Level 0.7645. After reaching that level, price can move down to Key Buy Zone 0.7330 - 0.7340.
shorting @ retest of key level for a long move down