Heard from a PA trader with +15 years in the game that the nose of a double top ( bottom ) is a high probability turning point …
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You are going to need to back-test to confirm that. These are easy to see hindsight but challenging to pick out in a live trading situations.
The purple line seems like a good resistance level but the price seems to be moving upwards in higher timeframes so I wouldn’t do anything until price breaks out of consolidation range.
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