looking at the daily chart, we can see how it confirms the idea i posted earlier, for the four hour chart.
nice double top forming nicely and the price find resistance around the MA 80 level which gives a high probability for a down trend to take place. in my opinion a good sell signal and price passing the 87.481 level is a good entry that mostly would bring the price back to test the 84.952 support level which is our target. securing our gain is recommended upon the price reaching 86.268 and 85.75.
the idea should remain valid even if the price rising !! as long as it finds resistance at the MA 20 level and below the double top high.
nice double top forming nicely and the price find resistance around the MA 80 level which gives a high probability for a down trend to take place. in my opinion a good sell signal and price passing the 87.481 level is a good entry that mostly would bring the price back to test the 84.952 support level which is our target. securing our gain is recommended upon the price reaching 86.268 and 85.75.
the idea should remain valid even if the price rising !! as long as it finds resistance at the MA 20 level and below the double top high.
