๐ Market Analysis
On the 1 Hour timeframe, the market has formed a clear M Pattern (Double Top), which is a strong bearish reversal/continuation signal.
๐น Price faced rejection twice at the highs
๐น Each high is getting weaker, showing loss of buying pressure
๐น The neckline has been broken successfully
๐น Bearish momentum is clearly visible
๐ Based on this structure, the market is expected to move further downward.
As long as the price stays below the broken structure, the trend remains bearish.
โ ๏ธ Disclaimer:
This analysis is for educational purposes only. Always use proper risk management before entering a trade.