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
Nota
Heres a look at the bigger picture - Dagangan aktif
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.