jisooturtlerabbitkim

jisooturtlerabbitkim

A possible H&S Pattern is forming in the 4H timeframe. KEY POINTS: • Missing shoulder might form on the rejection of R1 • Consolidating inside a rising channel(bearish imo) • Regular bearish divergence on the RSI • Target is exactly confluent with the weekly pivot. Leave your thoughts on the comments! -jisooturtlerabbitkim

jisooturtlerabbitkim

On my previous analysis, the price broke out of the symmetrical triangle in favor of the bulls. However, the chart is forming a symmetrical triangle(white) yet again. As you can see, the price is also respecting a rising channel(blue). Moreover, the volume is decreasing, diverging with the chart. As the price is nearing a squeeze and a possible breakout, who do...

jisooturtlerabbitkim Updated 

The chart is forming a symmetrical triangle which signifies a trend continuation. The price may bounce to another support before retesting the ¢6.93 level, and a potential bounce to the upside! This is my first ever analysis, a feedback would be appreciated! -JISOO *NOT A FINANCIAL ADVICE*