Need to break downtrend to form possible H&S
Ways to play
1# run it up to neckline and out
2# wait for break of neckline + retest +jump
MUST BREAK DOWNTREND before the above can happen
if not another leg down to 6.k
break would lead to 5.7 or below (cringe)
indies
RSI = oversold heading towards 50%
downtrend test coming
possible h&s formation (POSSIBLE)
Previous chart below.
Ways to play
1# run it up to neckline and out
2# wait for break of neckline + retest +jump
MUST BREAK DOWNTREND before the above can happen
if not another leg down to 6.k
break would lead to 5.7 or below (cringe)
indies
RSI = oversold heading towards 50%
downtrend test coming
possible h&s formation (POSSIBLE)
Previous chart below.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.