The megaphone pattern is still in play. On Friday we broke below 100.73 : we are back into the megaphone so there is still a good chance that this was a failed breakout.
During the last 2 weeks we printed a H&S pattern and we are breaking down the pattern.
The first level we could tag very soon - if the breakdown is completed - 99.4 . There is the 200 SMA on the 4hrs chart and that is the target price counted from the H&S pattern.
Notice the divergencies at all the indicators:
MACD, RSI, TSI
Today's italian voting will be very important in setting the direction.
During the last 2 weeks we printed a H&S pattern and we are breaking down the pattern.
The first level we could tag very soon - if the breakdown is completed - 99.4 . There is the 200 SMA on the 4hrs chart and that is the target price counted from the H&S pattern.
Notice the divergencies at all the indicators:
MACD, RSI, TSI
Today's italian voting will be very important in setting the direction.
Nota
ECB is frightened. Intervening with full power: buying the euro.They always talk before acting...
Nota
We are printing a terrible key reversal daily candle.Nota
Draghi should have seen this scenario weeks ago, he was still weakening the euro. At least now we can see what is their pain treshold:They don't want the parity.
Nota
It seems we tested back the breakdown.It's a possible entry point again.
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Penerbitan berkaitan
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.