1) There is a possible iHS in formation on hourly. We would need close above 404€ to confirm it. Predicted target around 450€, give or take some.
2) On the other hand, daily chart hasn't shown us anything yet. Only brief DEMA18 crossing, nothing more. And the green volume is always meager than the red one. Drop below 385 could indicate continuation of the leg down.
Successfull trading out there.
Comment
1) Well, that iHS failed miserably. Hope you traded the ihs failure :-) If we go back to hopium daily dose, we might have a double bottom forming
Comment
1) Well, that iHS failed miserably. Hope you traded the ihs failure :)
2) If we go back to hopium daily dose, we might have a double bottom forming. However, I would wait for confirmation before doing anything.
3) Shorts are off limits for me. We're close to the support.
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