I am new to this so bear with me. All the talk and analysis that I have heard plays in to some of my opinion. Obviously this is still looking good for the inverse head and shoulders (bullish) as long as it holds the 6100 area. We need to see a significant bounce at some point and hopefully the next dozen or so hours remain in consolidation right around the 6180 level we are at now. This being the hourly, I see a slight bullish divergence of the RSI still in relatively oversold and we could be seeing a cross of the MACD. 20 EMA acting as a price lead pushing down so a break of that on the hourly may help push up price as support.
Ryan
Ryan
Note
held support around the 6100 (6080)with the bounce to 6250,need to get the bulls to come back in and maybe see the same pattern we saw last week with consolidation and and up pumps...we shall see. going to try and publish another one.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.