Inverted head and shoulders pattern on this 9H timeframe This is all within a larger uptrend, the right shoulder could also be considered a test of the bottom of the larger up channel
Weekly: After an upwick tail, we now have a bearish divergence on MACD lines, MACD-Histogram as wel as EFI. There is even a ATR channel divergence. Stochastic RSI coming from an oversold condition and now bearish, moving in the reference area. Daily; A list of bearish divergences, supporting the idea on the higher TF. Currently, daily candle went up and closes...
Break of 70.07. Stop signal 65.43. Target 1 79.83.
We have a bearish opportunity on selling at previous resistance,there is also a bat formation wich means a high probability that the price is going to go down at that level. Hope you enjoy :)