Wolves,
We have a H&S pattern forming on the 1H chart with RSI bearish divergence also appearing (yellow) indicating a possible drop pending which would confirm the head pattern.
We currently have 2 trend line supports - short term (yellow) and the ascending wedge (blue), if we fall through both, this would confirm the head pattern and could see us head back to the 7850 mark before a bounce, thus starting the right shoulder pattern.
Action to take - If we fall through the short term support (yellow) I will open a short, starting with a relatively small position and adding to it once we break the ascending wedge support (blue)
Short targets -
Short term
8600-8650
8500-8550
8400-8450
8200-8250
7950-8000
Mid term
6600-6700
4800-5000
We have a H&S pattern forming on the 1H chart with RSI bearish divergence also appearing (yellow) indicating a possible drop pending which would confirm the head pattern.
We currently have 2 trend line supports - short term (yellow) and the ascending wedge (blue), if we fall through both, this would confirm the head pattern and could see us head back to the 7850 mark before a bounce, thus starting the right shoulder pattern.
Action to take - If we fall through the short term support (yellow) I will open a short, starting with a relatively small position and adding to it once we break the ascending wedge support (blue)
Short targets -
Short term
8600-8650
8500-8550
8400-8450
8200-8250
7950-8000
Mid term
6600-6700
4800-5000
Not
Heres a look at the bigger picture - İşlem aktif
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.