A steeper and sharper peak as shown by the green inverted V pattern was formed in April 2014. A pullback from this Adam Top Peak saw price dropped towards the blue support zone and a hammer candlestick was formed on 12th May 2014.
During the months of May and June 2014 a rounded Eve Top Peak indicated by the red curve was formed. Thus resulting in a potential Adam and Eve Double Top formation. The yellow immediate support zone is being tested now.
A successful bounce upwards may retest the highs of the Adam and Eve Double Top Peaks. This upward swing will negate the double top pattern. Conversely. if the yellow support zone breaks down price will retreat downwards to the next support range indicated in blue. A breakdown below this blue support zone will confirm this double top pattern.
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