We missed a short-selling opportunity / entry after seeing the top resistance level reject price for the 3rd time, forming a triple top.
According to Encyclopedia of Stock Charts, the Triple Top has a 77.59% success rate (to reach green box)
We are looking for a bounce inside that green box / supply zone / strong support, where we will open a long to top of triple top.
There is another opportunity, which is trading the resistance breakout and riding the inverse head & shoulders from head to neckline (breakout level).
According to Encyclopedia of Stock Charts, the Triple Top has a 77.59% success rate (to reach green box)
We are looking for a bounce inside that green box / supply zone / strong support, where we will open a long to top of triple top.
There is another opportunity, which is trading the resistance breakout and riding the inverse head & shoulders from head to neckline (breakout level).