This double top is of utmost importance. The critical point, see last blog, is 11.942.5. Yesterdays top was 11.940.3 and today's was 11.940.8. Now the 2hr 8MA has turned down and there is a down trend on the 2 hr chart. Support at 11.839 is broken and last support for a bigger drop lies at 11.801,4.
However the 21 MA is still rising against the falling 8 MA but there is no cross for several hours. But I tell the traders to sell long positions and wait until the cross seems to cross, go short. Be aware of the manipulators because they see these points as well.
However the 21 MA is still rising against the falling 8 MA but there is no cross for several hours. But I tell the traders to sell long positions and wait until the cross seems to cross, go short. Be aware of the manipulators because they see these points as well.
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