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A Double Top Formation is being formed on the Daily time-frame. Price recently failed to close above Pivots, which followed up with a failure at the 50 Moving Average.(Blue On Chart) A local level of support has been identified @135.88. A break of that level could indicate a meltdown towards the 133 price zones. This is a Bearish sentiment following my Bullish Sentiment I predicted earlier this week. Refer to related ideas.
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A Double Top Formation is being formed on the Daily time-frame. Price recently failed to close above Pivots, which followed up with a failure at the 50 Moving Average.(Blue On Chart) A local level of support has been identified @135.88. A break of that level could indicate a meltdown towards the 133 price zones. This is a Bearish sentiment following my Bullish Sentiment I predicted earlier this week. Refer to related ideas.
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