We have on the Eur/Usd chart a double top at the neckline of a head and shoulders on the weekly time frame.
we can see that at the 4 HR we have 2 patterns that are both bearish. I made sure the Trendlines for the wedge correlated with the volume spikes and we recently broke bearishly with good amount of volume. the Cypher that I had drawn could still be valid if the circled double top is a false breakout of the thin white line.
Also on the Dxy chart Monthly time frame, we could see price bouncing off of this channel drawn, roughly to 96.
please look at pictures for detailed information.
we can see that at the 4 HR we have 2 patterns that are both bearish. I made sure the Trendlines for the wedge correlated with the volume spikes and we recently broke bearishly with good amount of volume. the Cypher that I had drawn could still be valid if the circled double top is a false breakout of the thin white line.
please look at pictures for detailed information.
:D