Potential Breakthrough or H&S

11 May 2020

Depending on today’s close we may see a bounce again from the supports up to the resistances at current levels. If price action remains above the cloud + EMAs for the next few days, we may see a breakthrough if volume recovers. Current indicators seem to be pointing towards the dip back down to a second shoulder, then back up to confirm the pattern, breaking through the baseline within the range displayed on the chart.