I've seen others draw that resistance line as well and I think it's way off base.
There is no resistance there, and people only started drawing the line after they could be like "omg double top".
Well it was responsible for the pull back seen in 2018 which was the reason why I thought it was significant. In fact, if you look at the chart now it shows that it was a bigger resistance as prices pulled up by 5% after it was breached.
I've seen others draw that resistance line as well and I think it's way off base.
There is no resistance there, and people only started drawing the line after they could be like "omg double top".
Well it was responsible for the pull back seen in 2018 which was the reason why I thought it was significant. In fact, if you look at the chart now it shows that it was a bigger resistance as prices pulled up by 5% after it was breached.