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Double top or not, wait and see. Pullback here maybe, but I don't think it'd be a double top eventually as it'd be too simple for bears.
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Bias is down, it'd be 3rd leg down if indeed which if cannot go far then bulls will have chances.
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Just as I said 3 legs down, couldn't go far so bull fought back. I don't think the rebound is over so the pullback probably will be bought.
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Intraday: new swing high, it is bullish bias, we are having a negative p[rice action as of now, bulls need to push hard and closed above the red line then all is good.
Last edited by BullBear52x on Thu Oct 17, 2024 2:01 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Bonus chart: chart pattern, hourly with EDI bars assisted. the up trend is intact, new HH this mornign was all it takes to keep this up trend alive and well, Bears will have to wait for new setup.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
So far the rebound looks like a bear flag so may fail before the close.
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