>Explanation
Eliot wave correction yet to complete
Double Top formation at major resistance
Head and shoulders forming on MACD as momentum falls
Drying up volume
Chance of a continuation to the uptrend as indicated by moving averages.
>Recommendation
In case of an uptrend watch for upward movement past resistance
In a downtrend watch for buys at or bellow Major support
Eliot wave correction yet to complete
Double Top formation at major resistance
Head and shoulders forming on MACD as momentum falls
Drying up volume
Chance of a continuation to the uptrend as indicated by moving averages.
>Recommendation
In case of an uptrend watch for upward movement past resistance
In a downtrend watch for buys at or bellow Major support
Trade closed manually:
I think she changed er mind for now. I really missed that triangle. Lets see where this goes.
Comment:
Nope she didn't i guess the correction had to come from somewhere. Correction now complete.
Trade closed: target reached
