Reason to entry:
-Divergent and Overbought RSI
-AB=CD pattern
-Double top form at 141.4 extension of Butterfly pattern
-Valid pattern
Entry:
-141.4 or 127.2 extension of Butterfly
-if pattern goes higher, re-entry at 161.8 extension
Exit:
#1 38.2 retracement
#2 61.8 retracement
Void if:
-price breakout 161.8 extension
-price make new high and invalidate double top
Manage your trade well!
-Divergent and Overbought RSI
-AB=CD pattern
-Double top form at 141.4 extension of Butterfly pattern
-Valid pattern
Entry:
-141.4 or 127.2 extension of Butterfly
-if pattern goes higher, re-entry at 161.8 extension
Exit:
#1 38.2 retracement
#2 61.8 retracement
Void if:
-price breakout 161.8 extension
-price make new high and invalidate double top
Manage your trade well!