COF started doing the dreaded H&s pattern when it had a retracement @68. Both shoulders are located @73 and the head @78.50.
on February 18th, it closed with an evening star at the 0.76 Fibonacci retracement level that if confirmed by lower lows and lower highs from the next bar is a bearish sign.
The MACD Histogram is forming a Peak and the Stochastics are at the Overbought level. This suggests a weakening momentum
If this fails to do a higher high on 19th, and theory matches reality then we can expect the price to fall below the neckline targeting at 57.
on February 18th, it closed with an evening star at the 0.76 Fibonacci retracement level that if confirmed by lower lows and lower highs from the next bar is a bearish sign.
The MACD Histogram is forming a Peak and the Stochastics are at the Overbought level. This suggests a weakening momentum
If this fails to do a higher high on 19th, and theory matches reality then we can expect the price to fall below the neckline targeting at 57.