Broke the neckline on the Inverse head and shoulders but couldn't break the wedge, we are patterns inside bigger patterns, the failed breakout shows more downside to come
Orange - Local Support
Red - Stop Loss
Green - Profit Targets
Declining buying volume
Declining RSI
If 6k breaks.. things are looking very bad as this is a place that has so much support..
We are being pushed down by the moving averages.. A sideways consolidation can happen or a breakout to the downside.. lets see what happens.
Orange - Local Support
Red - Stop Loss
Green - Profit Targets
Declining buying volume
Declining RSI
If 6k breaks.. things are looking very bad as this is a place that has so much support..
We are being pushed down by the moving averages.. A sideways consolidation can happen or a breakout to the downside.. lets see what happens.
Comment:
Waiting on eos to hit the top of the triangle or break below it before entering a position.
Trade active:
Broke the wedge... monkaS