$SHIB forming a tweezer top on the daily chart 👀
This is typically a bearish reversal pattern after an uptrend. Two candles with nearly identical highs showing bulls are losing steam at resistance.
If it confirms with a breakdown, we could see a decent pullback. Watch for volume on the next red candle and support levels below.
Not financial advice but this setup has been reliable historically. Trade accordingly.
This is typically a bearish reversal pattern after an uptrend. Two candles with nearly identical highs showing bulls are losing steam at resistance.
If it confirms with a breakdown, we could see a decent pullback. Watch for volume on the next red candle and support levels below.
Not financial advice but this setup has been reliable historically. Trade accordingly.