Lovely pennant forming here also bringing in the Eliot Wave theory. Quite clear daily resistance formed at current price level alongside the Double Top.
We need price action below 12k to confirm the sells, with a break of the pennant to the upside seeing us retest the all time highs.
Be cautious around 11600 as well, it's previous support. If broken, gives us a chance to enter a second position!
We need price action below 12k to confirm the sells, with a break of the pennant to the upside seeing us retest the all time highs.
Be cautious around 11600 as well, it's previous support. If broken, gives us a chance to enter a second position!