There's a long resistance line that price has failed to break. I suspect that it will not break through this time either as Stoch RSI and MACD will be timed perfectly for another drop.
Comments
MoonTrader
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FFS, people, why don't you get it? A H&S is a REVERSAL pattern, not a continuation pattern! You don't draw a bearish h&s if it's after a downtrend!
jdm1714
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Correct. That is why I have my prediction stopping at roughly 300. That is the next major support line beyond 315. I was just stating that it resembles a H&S.