obvious head and shoulders formed looking for test of 55 before the rest of the bearish movement is executed.
Following this Price will start looking for its next support, which could be 52.30 - 50.80.
If strong enough support is found we could return back up to make new highs.
If not we have a trip all the way down to 44... possibly.
Not Financial Advice.
Following this Price will start looking for its next support, which could be 52.30 - 50.80.
If strong enough support is found we could return back up to make new highs.
If not we have a trip all the way down to 44... possibly.
Not Financial Advice.
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For head and shoulders idea to become invalid we have to see a break of 56.100 or else we could still see the downside play out 🤔