xauusd - short (cup and handle)

2024年3月12日

(1h timeframe)
DETAILS: after a strong uptrend the price made all time high , at the daily time frame we can see at the top (at the all time high) evening star (bearish reversal candlestick pattern) .
The price entered in a strong support and resistance lines (the two yellow ones) , I noticed that the price made inverse cup and handle pattern and broke with big bearish candle the support line (the volume is not that strong) .
we have all the signs that we are before a downtrend.
I have drew the white rectangle as a support areas that can disturb the price a Littleton keep going down.

2024年3月12日

註釋

if someone has another analysis I would be glad to hear it

2024年3月15日

取消訂單

the price didn't got to the enter price