Potential Head and Shoulders Pattern
Bearish Divergence
Massive volume spike as it was sold down from its peak - noted by the black arrow on 4 March 2019.
Target for head and shoulders pattern and 0.618 retracement on weekly chart basically line up.
Looking for a potential drop to $185ish
I'll be starting to buy once it hits 0.50 retracement
Bearish Divergence
Massive volume spike as it was sold down from its peak - noted by the black arrow on 4 March 2019.
Target for head and shoulders pattern and 0.618 retracement on weekly chart basically line up.
Looking for a potential drop to $185ish
I'll be starting to buy once it hits 0.50 retracement
Trade closed: target reached