Neck line Holds The Price Up
In the previous post we mentioned that a new neck line has been created after the price hit above the previous tops.
Price is now moving up sharply and the probability of falling of the supply zone depends on the pattern that is going to be created.
There is (supply Zone 2) waiting. If a head & shoulder or a double top pattern is created in one of the two areas then wait for the neck line breakout
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
Price is now moving up sharply and the probability of falling of the supply zone depends on the pattern that is going to be created.
There is (supply Zone 2) waiting. If a head & shoulder or a double top pattern is created in one of the two areas then wait for the neck line breakout
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
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