Looking at the Support and resistance levels, we can see that its about to give us a Double Top Pattern, and that could cause a confirmation on our reversal.
I'm Neutral because if price Breaks Resistance, i will be waiting for a test on the new Support and buy it with a counter trend line break on a 15 minute chart, along with RSI or DMI confirmation.
if price bounces on the Resistance line, i would be looking to short until our next 2 levels of Support.
also waiting for confirmation from our DMI indicator Red crossing the Green, its a strong sign that the trend is now reversing.
Thanks and hope you guys like it, please leave me any feedback and correct me if I'm wrong on anything, i would love to hear other opinions .
I'm Neutral because if price Breaks Resistance, i will be waiting for a test on the new Support and buy it with a counter trend line break on a 15 minute chart, along with RSI or DMI confirmation.
if price bounces on the Resistance line, i would be looking to short until our next 2 levels of Support.
also waiting for confirmation from our DMI indicator Red crossing the Green, its a strong sign that the trend is now reversing.
Thanks and hope you guys like it, please leave me any feedback and correct me if I'm wrong on anything, i would love to hear other opinions .