A combination of negative technical conditions favors a short :
Ideal mesured target for the pattern is around 518.00 level. A more aggressive target could be at the major long term support area around 495.00
Good luck...
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- Multiple breakout below the 200 and 50 days SMA
- Completion of a bearish double top formation
- Retest to the double top neckline
- Shooting star candle at the neckline
Ideal mesured target for the pattern is around 518.00 level. A more aggressive target could be at the major long term support area around 495.00
Good luck...
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twitter.com/thefxchannel
My best regards
Technician