PI. H&S. Possible short candidate.
On weekly and daily H&S formed. Close below neck line will be possible entry for sell.
Price can also move upward to the 20MA and reject on it back to the neck line.
One should notice that on 4H chart the neck line area is close to 200MA - that is strong support area and price can reverse from that area.
Keep watching.
Not an recommendation, just an observation.
Price can also move upward to the 20MA and reject on it back to the neck line.
One should notice that on 4H chart the neck line area is close to 200MA - that is strong support area and price can reverse from that area.
Keep watching.
Not an recommendation, just an observation.
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