according to flag and pole and rectangular pattern theory, it should reach max 18580 or 540 in future if its brake the 18000 , 18000 is strong resistance its rejected from top 2/3 times we call it a double top
according to a double top, if it failed it will go back to resistance level very strongly so it will return ? let assume if it goes to support level will it brack it ? already its failed 2/3 time so we considered it as a double bottom
It simply tells us that we are in no trading zone it's not Breaking the top or bottom it's in consolidation mode .
it breaks the support level it will go down ?
Reasons
1 open space
2nd double bottom
it breaks the resistance level it will go up ?
Reason
1 : yes because it's breaking the strong double top
that's all I consider right now
according to a double top, if it failed it will go back to resistance level very strongly so it will return ? let assume if it goes to support level will it brack it ? already its failed 2/3 time so we considered it as a double bottom
It simply tells us that we are in no trading zone it's not Breaking the top or bottom it's in consolidation mode .
it breaks the support level it will go down ?
Reasons
1 open space
2nd double bottom
it breaks the resistance level it will go up ?
Reason
1 : yes because it's breaking the strong double top
that's all I consider right now