Double Top completing and Flag forming
Hi together,
Unit: 1h
The red lines are from my previous idea and the price roughly followed. After the huge drop I see a flag forming. I think it will break to the downside since the volume was high at the flag pole and goes lower now at the body of the flag. I don`t think we will go down as much as the pole length - at least not in one run. I think we will find support at the dotted red trend line drawn in linear scale than trying to break which is now resistance at 9450ish and get rejected and then fall to complete the Double Top.
This is no financial advice. For educational purpose only.
Unit: 1h
The red lines are from my previous idea and the price roughly followed. After the huge drop I see a flag forming. I think it will break to the downside since the volume was high at the flag pole and goes lower now at the body of the flag. I don`t think we will go down as much as the pole length - at least not in one run. I think we will find support at the dotted red trend line drawn in linear scale than trying to break which is now resistance at 9450ish and get rejected and then fall to complete the Double Top.
This is no financial advice. For educational purpose only.
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