Along with my previous analysis 4H chart is setting up an inverse head & shoulders (albeit not a perfect one). Break of the neckline could coincide with the break of the RSI trend.
Some bullish doji/hammer patterns
If the daily candlestick too turns into a hammer pattern will be a strong bullish signal.
RSI still capping short term advances
Some bullish doji/hammer patterns
If the daily candlestick too turns into a hammer pattern will be a strong bullish signal.
RSI still capping short term advances
Comentário:
Resistance found and triangle made around a confluence of fib levels :
.5 retrace of 17-22 decline
.236 retrace of 22-27 incline
.764 & .618 retrace of 27-30 decline
1.272 extension also found around this level
.5 retrace of 17-22 decline
.236 retrace of 22-27 incline
.764 & .618 retrace of 27-30 decline
1.272 extension also found around this level
Comentário:
Mid point of medium term channel too acting as resistance ^
Next semi resistance at red rectangle (some fib retracements + channel mid way point)