Reasons:
- Price is close to first target of previous H&Sh pattern, which also could be considered as a Rectangle.
- A double top price pattern could be formed (look for it)
Scenarios:
We go short if:
a - Price breaks down the small trend-line
b - Price reaches to exact target of H&sh
This is only how we interpret the market
- Price is close to first target of previous H&Sh pattern, which also could be considered as a Rectangle.
- A double top price pattern could be formed (look for it)
Scenarios:
We go short if:
a - Price breaks down the small trend-line
b - Price reaches to exact target of H&sh
This is only how we interpret the market
Stop should be above 1.3220