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.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
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.