On 2017 /02/01 Gold broke resistant line , JNUG jump from 9 to 11 3 days later
Before that happened, double top at resistant line 1208, took 3 days to go down, The 4th day moved down then retreat up causing rejection pin bar
1d bearish diversion shows up by the time double top happened
What we have today:
Hit resistant line 1244 and double top happened
1d bearish divergent show up on RSI
First move down happened on Friday, so additional downward expected on Monday (New York market closed)
Breakout expected on end of Monday to Tuesday
Before that happened, double top at resistant line 1208, took 3 days to go down, The 4th day moved down then retreat up causing rejection pin bar
1d bearish diversion shows up by the time double top happened
What we have today:
Hit resistant line 1244 and double top happened
1d bearish divergent show up on RSI
First move down happened on Friday, so additional downward expected on Monday (New York market closed)
Breakout expected on end of Monday to Tuesday