Loading ...Look that chart starting at 2012 to 2013 line, you see a M pattern. It dropped below the M pattern then went down. M patterns can be like double tops and bearish if starts dropping below the M it made.
Then you see another one Mid 13 to end of 2014 then dropped below again continuing down.
It started again in 2016 making the first part in 2016 to 2017, making the other part of the M top in 2018. Then it started down again but this time didn’t go to the bottom of a M formation. That doesn’t mean it could later but something to keep a eye on if you play both ways and short,
There’s different ways to see charts close up or farther away but farther away you can see the bigger picture to decide what your gonna do with the close up picture.
Richard
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