We missed a short-selling opportunity / entry after seeing the top resistance level reject price for the 3rd time, forming a triple top.
According to Encyclopedia of Stock Charts, the Triple Top has a 77.59% success rate (to reach green box)
We are looking for a bounce inside that green box / supply zone / strong support, where we will open a long to top of triple top.
There is another opportunity, which is trading the resistance breakout and riding the inverse head & shoulders from head to neckline (breakout level).
According to Encyclopedia of Stock Charts, the Triple Top has a 77.59% success rate (to reach green box)
We are looking for a bounce inside that green box / supply zone / strong support, where we will open a long to top of triple top.
There is another opportunity, which is trading the resistance breakout and riding the inverse head & shoulders from head to neckline (breakout level).
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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.