So as you can see on the 4H timeframe
we are in a downtrend and we have a retrace at fib 38.2%
At this specific point...we also have a DOUBLE TOP pattern formed
So we wait for the break of the structure
and short our position after a retest!
On a smaller timeframe (15-30M)
we can also spot a rectangle pattern formation
we have a confluent zone between the rectangle's
bottom length & the neck of the DOUBLE TOP pattern
SO just wait for the break and retest and SHORT
we are in a downtrend and we have a retrace at fib 38.2%
At this specific point...we also have a DOUBLE TOP pattern formed
So we wait for the break of the structure
and short our position after a retest!
On a smaller timeframe (15-30M)
we can also spot a rectangle pattern formation
we have a confluent zone between the rectangle's
bottom length & the neck of the DOUBLE TOP pattern
SO just wait for the break and retest and SHORT
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