What we have here is a double top M formation. This indicates a bearish reversal! If you think about it and upside down m is a w and that indicates a bullish 📈. Definitely waiting for the bottom before putting any real money into this mess! My best guess is anywhere from at least 16,500 to 8,250 before we see any relief 😮💨. Not trading advice! always do your own research before entering any trade!
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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.