Hi fam . I hope y’all are having a fantastic week!

Today I’ve got a possible bearish signal on this instrument. However, since the markets produces random outcomes, making it a probabilistic place that’s full of uncertainty, I anticipate two outcomes.

Bulls: The price may reject this trade by bullish rallying to the 1st Monthly Key Lvl together for the 21 (red) and 50 (light blue) moving averages – probably after it has bullish broke and retested the Mini Weekly Neckline and 8 (dark blue) moving average. If it does that, that will dis-confirm the sell bias, and the price will be preparing for a bullish trend that will be fully confirmed by a bullish reversal pattern that will lead the price to bullish break and retest the Weekly Neckline together with the 50 and bullish crossed short-term moving averages.

Bears: The price may bearish drop for the double tops L1, monthly’s lower ascending trend line , together for the short-term m.a’s trend – since it bearish broke and retested the Weekly Neckline (1st signal), 1st Monthly Key Lvl (2nd signal), Mini Weekly Neckline (current ->3rd signal) together with the 50 and bearish crossed short-term m.a’s…I call this signal a Double Top A-E.2 signal.

That’s it. Those are the 2 possible scenarios I’m anticipating… How about you though? Are you looking to Buy or Sell? Please comment below, I’d love to know your point of view!

God Bless,
Doji-2K1