Possible double top reversal pattern. A close below the wave and we will be taking a short position targeting our Monthly chart out looked published earlier.
Komen
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Price did not confirm double top with a close below the wave and mad a new high. For us its still with in a reversal zone. We are are still looking for a confirmed reversal pattern. This is a good exercise in having a confirmation in your trading methodology. We wont enter a trade where we are trading tops and bottoms without a confirmation.