Inverted head and shoulders has formed, there was n breakout from the neckline and price retraced to test the neckline resistance. With that there is a cross of my 20 and 50 MA up. My signals is bullish. Now look for entry signal from the trendline for bullish continuation. The stockhastic is almost on the signal, for one final signal check for strong engulfing...
As per my previous post, the price did indeed fell just now.
Also look at how the 20MA crossed the 50MA downwards. I expect a little retracement towards the 20MA and look for another short entry after that.
Have a great weekend traders.
