Retracing of a long uptrend in the daily
presence of double top
new downtrend in the 1hour
mini retracement of the 1hour downtrend hittting the 50-61.8 fibonacci
mini uptrend on the 1hour broken and retesting on the same area of the mini downtrend
con: the one hour uptrend line being broken and retested might be a false breakout
presence of double top
new downtrend in the 1hour
mini retracement of the 1hour downtrend hittting the 50-61.8 fibonacci
mini uptrend on the 1hour broken and retesting on the same area of the mini downtrend
con: the one hour uptrend line being broken and retested might be a false breakout