HOOD double top 22 % drop possible

HOOD price is forming a double top pattern.

How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart

Fundamentals:
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto markets

Good luck

ความคิดเห็น:

Double top pattern didn´t play out as expected but there´s potential for a triple top if we get rejected at the resistance.
Similar chart to Tesla chart that we published some time ago: