Possible Trend Reversal with recent Double Top
Short on bounce off of Previous S/R
This feels like it could go either way, definitely need some confirmation before entry.
But when it goes, I predict it will take off for a nice little run.
Flag suggests more upside, but we have two tests and pretty reliable resistance,
so possible third test and failure could occur.
For now, Double Top suggests a reversal.
Need to see a solid move and break of Previous S/R and trends lines early in the week.
Watch news events for a catalyst.
Short on bounce off of Previous S/R
This feels like it could go either way, definitely need some confirmation before entry.
But when it goes, I predict it will take off for a nice little run.
Flag suggests more upside, but we have two tests and pretty reliable resistance,
so possible third test and failure could occur.
For now, Double Top suggests a reversal.
Need to see a solid move and break of Previous S/R and trends lines early in the week.
Watch news events for a catalyst.
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