Triple Top Forming
Updated
Triple top is forming around key resistance zone.
Tendline is being respected.
Price is reaching oversold territory on the RSI.
A lot of wick rejections in M15.
I expect price to drop soon.
I'm going short on this one.
Tendline is being respected.
Price is reaching oversold territory on the RSI.
A lot of wick rejections in M15.
I expect price to drop soon.
I'm going short on this one.
Trade closed: stop reached
Price hit my SL before going back down towards small profit, and then bouncing away again from that support/resistance zone. Price is either going to keep going back up, or it will go down to break and retest the horizontal level, creating a head and shoulders pattern.
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