Triple Top and Parallel Channel

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Bullish Scenario (Breakout Long):

Trigger: A decisive break above the resistance confluence (~2,500) with a daily close. Ideally, look for increased volume to confirm conviction.
Entry Strategy: Wait for a retest of the broken resistance as new support (e.g., pullback to 2,480-2,500). This reduces false breakout risk. Enter long on a bounce from there.

Targets:
Initial: 2,600
Extended: aiming for 2,800-3,000.
Stop Loss: Below the retest low or recent swing low (~2,400) to protect against whipsaws.

Bearish Scenario (Rejection Short):

Trigger: A "top signal" like a bearish engulfing candle, shooting star, or failed breakout at the resistance. Confirm with volume spike on the downside.
Entry Strategy: Enter short on confirmation, targeting the lower channel line or dotted midline.

Targets:
Initial: ~2,100
Extended: ~1,800-1,900
Stop Loss: Above the recent high (~2,500) or the trendline to invalidate the short.
Rationale: Triple tops often resolve bearishly in downtrends.

כתב ויתור

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