$JSEWHL - Woolworths: Double Top Neckline Breached!
See link below for previous analysis.
Price has breached the 5824 neckline.
Now, there are two ways to interpret this pattern:
1- the tradition way; in this case this is a Double Top and the price target is 3600cps.
2- the Elliot Wave way; this is a flat and price can resume the uptrend.
The only certainty is uncertainty; this is the why it is key to think in probabilities.
I will sit on my hands and allow price to guide me.
Price has breached the 5824 neckline.
Now, there are two ways to interpret this pattern:
1- the tradition way; in this case this is a Double Top and the price target is 3600cps.
2- the Elliot Wave way; this is a flat and price can resume the uptrend.
The only certainty is uncertainty; this is the why it is key to think in probabilities.
I will sit on my hands and allow price to guide me.
