Sell the top of the Trading Range

2020년 1월 4일

Dont be fooled by the correction. A pattern must resolve in both time and price, its the one true thing in this sea of uncertainity. As you can see we are still in the range between 7500 and 6800 , A double top is beginning to form at around 7500, and in Trading ranges you sell high and buy low. This is from a weekly chart so we filtered the noise from the lower time frames - Focus on the big picture. Sell this Top, take profit at around 6800. A lower trading range of between 6800 to 5900 ensues from when we expect the rally to 50k!