High volume indesition candle is formed towards breakout of head and solder with multitouch resistance..
A H&S pattern is clearly noticeable on the RSI & KST. On the KST the right shoulder is lower than the left, but on the price the right shoulder is higher than the left, not sure if that's considered a bearish divergence but if there's further downside action it would seem accurate. On the KST each shoulder & the head display a bearish cross where I have placed...
We have a strong weekly resistance here and the price just formed a side way head and shoulders with this rejection. Lets see if we can get the price down today.
the detail is shown on the above Idea. this idea is in continuation of the previous Idea.
Sanofi has developped a head (h) and shoulders (s1 and S2) pattern from 2013 to 2018. During 2018 a strong pullback has been observed to the resistance R. If the pattern is confirmed, price will begin to decrease in the coming weeks. Objective 1: 68€ (the neckline) Objective 2:50€
EURUSD have chance to go down smoothly.......... Main reason of this chance: 1) EURUSD have confirmed Head & Shoulder breakout successfully. 2) EURUSD has confirmed for down trend starting normally. 3) A nice Pinbar candle confirmation has cleared all of these to us... First learn, then earn...