A tough rejection at the solid red pattern completes double-top formation sending price back to the dashed blue line.
Today's view is in D1 to better clarify the next possible movement.
We can expect continuation to the dashed red line if blue fails to hold.
The prior green highlighted zone has been changed to purple and indicates LT consolidation.
True support may still lie somewhere between the dashed red and solid yellow lines.
Note that D1 MACD and Chaikin may be close to crossing which increases the likelihood of above.
www.tradingview.com/chart/gDBkksfy/
Today's view is in D1 to better clarify the next possible movement.
We can expect continuation to the dashed red line if blue fails to hold.
The prior green highlighted zone has been changed to purple and indicates LT consolidation.
True support may still lie somewhere between the dashed red and solid yellow lines.
Note that D1 MACD and Chaikin may be close to crossing which increases the likelihood of above.
www.tradingview.com/chart/gDBkksfy/
