i love to be involved in these kind of setups where every trader is seeing mostky the major support level that price is reacting to and forgetting the current flow that is down trend
so with this being the case i find better reasons to engage and if i have an edge i wont hasitate
now we seeing price on
1prev level of support structure broken now turned resistance
we see a possible double top price action that we are willing to wait until it has been fulfilled and for that tp be the case we are expecting the current candlestick not to close above the frst leg of the double top and if it happens to break we are to wait for mre confirmation
2 we are resting on the golden zone using the fibonacci retracement too
3 we are in a downtrend and we are not opposing that
4 we have a correction to the previous impulse so if price react in our favor the we have more profits
so with this being the case i find better reasons to engage and if i have an edge i wont hasitate
now we seeing price on
1prev level of support structure broken now turned resistance
we see a possible double top price action that we are willing to wait until it has been fulfilled and for that tp be the case we are expecting the current candlestick not to close above the frst leg of the double top and if it happens to break we are to wait for mre confirmation
2 we are resting on the golden zone using the fibonacci retracement too
3 we are in a downtrend and we are not opposing that
4 we have a correction to the previous impulse so if price react in our favor the we have more profits