Triple Tap Top and fall

Mar 23, 2023

Showing a very clear character of a triple tap. Low angle of higher high manipulation, filling a lot of sell orders. Each high falls back to the base, creates false demand, then drives up into the sell orders. The third leg is usually the most profitable, and the pattern usually results in a hard fall.... Ahem... Eurusd a couple weeks back.

Entry placed on the third point peak, at 1.235, stop buy hedge at 1.238, target is around the 1.214 as final support

Mar 24, 2023

Note

Hit the Buy stops for sell orders from double top sellers, that's enough to create the demand for theis push 🫸

Mar 24, 2023

Note

If the base is broken, the idea may be no good. Price is continuing to slip, so we may not have enough way to create the false demand for the last part, and just get pushed away by the double top already there

Mar 24, 2023

Order cancelled

Idea is not holding up