hi traders
PEP is not looking good here.
The price created a double top pattern which is bearish.
We expect the price to retest the neckline and if we get a successful breakdown the short position can be taken.
The target for shorts: 155 $
The invalidation would be if the price reclaims the support after the successful breakdown. In this case the short position should be closed.
Good luck
PEP is not looking good here.
The price created a double top pattern which is bearish.
We expect the price to retest the neckline and if we get a successful breakdown the short position can be taken.
The target for shorts: 155 $
The invalidation would be if the price reclaims the support after the successful breakdown. In this case the short position should be closed.
Good luck
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