Price is currently in a range at the top of an uptrend.
Price has also created a double top pattern.
As we are aware price moves as follows;
Impulse-> Correction-> Continuation
Price is currently in the correction phase of the market, and I am assuming price will reach point 5 of the correction and then drop.
My stop loss will be above the previous highs and my take profit at approx the start of the correction.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Price has also created a double top pattern.
As we are aware price moves as follows;
Impulse-> Correction-> Continuation
Price is currently in the correction phase of the market, and I am assuming price will reach point 5 of the correction and then drop.
My stop loss will be above the previous highs and my take profit at approx the start of the correction.