Big warning sign! SHS formation on the monthly! Short !!!
Hello,
i noticed this formation a few month ago, but now as the right shoulder starts to build the information, i want to publish this one.
Long term ( 6 - 18 month ) short is possible!
Massive downmove awaiting if this SHS is playing out.
Red line shows difference between head and baseline = possible move down.
And you can see divergence in the RSI .
200 MA (month) is huge support, if we will reach this region, that could be a nice long entry!
Good luck and greetings!
i noticed this formation a few month ago, but now as the right shoulder starts to build the information, i want to publish this one.
Long term ( 6 - 18 month ) short is possible!
Massive downmove awaiting if this SHS is playing out.
Red line shows difference between head and baseline = possible move down.
And you can see divergence in the RSI .
200 MA (month) is huge support, if we will reach this region, that could be a nice long entry!
Good luck and greetings!
Note
Actually, this was going much faster than expected.Sure, the panic because of corona was a big catalyst!
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.
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.