Confluence Zone
- Bearish Shark
- Double Top
For further confirmation
- watch for RSI and MACD to diverge from price action as double top is formed.
- look for reversal Candle
- Bear Volume and/or lack of BULL volume as price action can fall with light volume . Heavy volume needed to up, not down.
- Bearish Shark
- Double Top
For further confirmation
- watch for RSI and MACD to diverge from price action as double top is formed.
- look for reversal Candle
- Bear Volume and/or lack of BULL volume as price action can fall with light volume . Heavy volume needed to up, not down.
Yeh more QE or normalization talk is jsut talk....
I've learntto expect the unexpected...
Agree with you that there is at least a short term trade opportunity around this level...
For me this setup is awareness and TA only (no fundamentals considered). If I start to see a double top, then the added confirmation of the shark will be a confluence zone and a signal I'll act on. But if not, then for sure long as breaks ATH with volume- I will buy the breakout either direction. Maybe even options long straddle/strangle.
Good luck my friend.