H1 : Under the influence of a double bottom formation with a technical target @ 50287.
Nevertheless, inside this ongoing double top pattern there is also a double top
formation in progress
M15 : Double top formation in progress !
Watch 48993 ahead of 48905 as immediate support levels
Indeed a breakout of MMB @ 48905 would put the focus on KS which is also the trigger level
of the double top pattern.
A breakout of 48427 would confirm this double top and would open the door for 47493 which is
also currently the level of the uptrend support trend line.
On the upside watch former highs above the 49300 !
Nevertheless, inside this ongoing double top pattern there is also a double top
formation in progress
M15 : Double top formation in progress !
Watch 48993 ahead of 48905 as immediate support levels
Indeed a breakout of MMB @ 48905 would put the focus on KS which is also the trigger level
of the double top pattern.
A breakout of 48427 would confirm this double top and would open the door for 47493 which is
also currently the level of the uptrend support trend line.
On the upside watch former highs above the 49300 !
