We looking for selling opportunities, as most impulses will be bearish.
From the break of our structure we have a clear impulse with consecutive continuation flags. The purple Arcs show reversal (triple top), shows strong resistance and more confirmation that we taking bearish movement. The recent ascending channel have completed multi- touch confirmation ( 3 touches to complete a structure) showing that we have more probability of going down!
From the break of our structure we have a clear impulse with consecutive continuation flags. The purple Arcs show reversal (triple top), shows strong resistance and more confirmation that we taking bearish movement. The recent ascending channel have completed multi- touch confirmation ( 3 touches to complete a structure) showing that we have more probability of going down!