Look at this beauty:
1 In a resistance point 3 times fail to break above it
2 Momentum falls each time more showing divergences
3 If up trend line is broken the double top will be activated
4 If pay its proyection activate a triple top wider
I suggest open a sell at FIRST CLOSE below the 8275
Take some profits at 8155 and the rest let it run to take the triple top's proyection with a break even sl
Observe that the minimum normal fibo's retracement is at 8085 so the first target seems preatty secure but the
second one no, thats why i suggest to take profits at the 8155 support.
1 In a resistance point 3 times fail to break above it
2 Momentum falls each time more showing divergences
3 If up trend line is broken the double top will be activated
4 If pay its proyection activate a triple top wider
I suggest open a sell at FIRST CLOSE below the 8275
Take some profits at 8155 and the rest let it run to take the triple top's proyection with a break even sl
Observe that the minimum normal fibo's retracement is at 8085 so the first target seems preatty secure but the
second one no, thats why i suggest to take profits at the 8155 support.