3 POSSIBLE SCENARIO
ANT breaks the big channel and trying to form a possible head and shoulders pattern
If it break the 5.6 mark then it will run without head and shoulders(bullish) the rsi indicates that
But if it gets rejected then it can make HnS pattern(first Bearish then Bulish)
but there is a low possibility of double top(bearish) pattern too
CAUTION: so take entry at 5.1 if it comes down to 4.5-4.8 and then start bulling (to ensure it is not a double bottom)
ANT breaks the big channel and trying to form a possible head and shoulders pattern
If it break the 5.6 mark then it will run without head and shoulders(bullish) the rsi indicates that
But if it gets rejected then it can make HnS pattern(first Bearish then Bulish)
but there is a low possibility of double top(bearish) pattern too
CAUTION: so take entry at 5.1 if it comes down to 4.5-4.8 and then start bulling (to ensure it is not a double bottom)
Trade active:
Ant is probably going to form the head and shoulder pattern
Comment:
WE should take entry now as it touched 4.8 and now started growth again as i predicted!!
