hi all,
this came up due to me helping a friend, here we have Disney on a 1hr chart, with a possibility of a double top, (awaiting the 2nd red candle)
this double top is at the top of a uptrend, which buyers have tried to push the price up twice, in failing to do so this could mean a bearish turn and we could gain a few pips on the way down!
** this is not financial advice and this is my opinion and this is for educational purpose only **
trade safe and good luck
L
this came up due to me helping a friend, here we have Disney on a 1hr chart, with a possibility of a double top, (awaiting the 2nd red candle)
this double top is at the top of a uptrend, which buyers have tried to push the price up twice, in failing to do so this could mean a bearish turn and we could gain a few pips on the way down!
** this is not financial advice and this is my opinion and this is for educational purpose only **
trade safe and good luck
L