Open short position

The uptrend ended, having formed a double top reversal pattern, the price broke through the lower border of the upward channel. Support at the level of 7800 made it possible to rise higher, but failed to overcome the level of 8000, this indicates a reversal of the model, the formation of the second wave of a downtrend is probably going on. To confirm this assumption, the price needs to break through the level of 7800, below which stops are concentrated. The development potential of a double top figure is indicated by a dashed line. The purpose of the movement is 3 waves of a downtrend 7650-7600. Further movements are indicated by arrows.