This chart is giving a very clean story… and this time, it’s not about continuation — it’s about rejection at the top 🔍
We already saw a double top formation around the same resistance zone. Price came back again… and once more, it failed to break above it.
That second rejection is important
What I’m Seeing:
After that rejection, price didn’t explode down immediately…
Instead, it started showing weak bullish follow-through and hesitation near the top. This usually means buyers are losing strength at resistance.
We already saw a double top formation around the same resistance zone. Price came back again… and once more, it failed to break above it.
That second rejection is important
What I’m Seeing:
After that rejection, price didn’t explode down immediately…
Instead, it started showing weak bullish follow-through and hesitation near the top. This usually means buyers are losing strength at resistance.
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.