"double top" distribution/15 min Pattern recognition

2019-11-16 04:08:46

Training/reference*

Hard to show here, but overall trend is down.

Characteristics and points of confluence:

Down trend (on 1 and 4 hour)
High volume weakness/supply at higher prices into 50-61.8% retrace
Upthrust/ Fake break above resistance on high volume
diminished volume/demand at support (neckline, EMA test)

Note:
Lazy bear colored volume bars box numeric setting
color inversion: red to green (strength)
Green to red (weakness)

15 minute used here but 5 minute conveys greater detail.