Temporary Uptrend Exhaustion - Countertrend Opportunity
The Triangle suggests trend continuation... to be resumed after Price Action retracement.
After a long and healthy uptrend, Double-Top and Overbought Stochastics might indicate Temporary Uptrend Exhaustion;
For Countertrend traders, this might present a good potential opportunity window to short;
Recent Market Memory resistance levels suggest possibilities of trades ranging from about 1 : 1 to 1 : 3
After a long and healthy uptrend, Double-Top and Overbought Stochastics might indicate Temporary Uptrend Exhaustion;
For Countertrend traders, this might present a good potential opportunity window to short;
Recent Market Memory resistance levels suggest possibilities of trades ranging from about 1 : 1 to 1 : 3
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