- This look like a nice bearish setup. Price broke structure, then rallied to test the previous low. Price did not make any higher lows, it meet resistance at the 50.0 fib level. A double top was created which is a bearish candlestick formation pattern. The previous daly candle look to have formed a bearish candlestick.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.