We have both the 200DMA and support area under threat on this chart.
Looks strongly sold on RSI on this timeframe which might suggest a bounce, however there is also a lopsided H&S which makes it look like there is further downside to completion onnthis one which is my favoured view.
As usual no need to be a hero - wait for the price to reveal direction and jump on the bus.
Looks strongly sold on RSI on this timeframe which might suggest a bounce, however there is also a lopsided H&S which makes it look like there is further downside to completion onnthis one which is my favoured view.
As usual no need to be a hero - wait for the price to reveal direction and jump on the bus.