Double Top Formation
Price testing support levels from last month before the SEC hearing
LTF Volume has been steady since the selloff from 9.8k to 9.3k
Failed to find support on the bottom of the cloud
Price is below the cloud and a kumo cloud twist to reinforce the downtrend
Tenkan-sen (orange) and Kijun-sen has confluence; if the Tenkan-sen moves below then I would be very cautious about opening orders since momentum has shifted
Price testing support levels from last month before the SEC hearing
LTF Volume has been steady since the selloff from 9.8k to 9.3k
Failed to find support on the bottom of the cloud
Price is below the cloud and a kumo cloud twist to reinforce the downtrend
Tenkan-sen (orange) and Kijun-sen has confluence; if the Tenkan-sen moves below then I would be very cautious about opening orders since momentum has shifted