Daily
* seeing an inverse h&S complete it's right shoulder - with target of $11.85
* move isn't confirmed until break out + pull back. So ideally looking to see it break above 9.24, pull back and find support on the neckline.
4 Hour
We're trading the right shoulder of the bigger iH&S as described on the daiy.
We're broken out and are now finding support on the neckline. With both the 20 EMA and 50 EMA below us giving us some healthy support to bounce off.
Stoch RSI and RSI both showing some downward pressure so wait for a better buy in on Stoch Reset.
1 Hour
Seeing similar action as 4H . I'd expect to see a price drop as low as $8.40 anything lower really invalidates the Right shoulder's inverse H&S move. I'd be cautious shorting it.
* Stoch moving below 20 looking for a turn around soon, to low to short for me.
15m
* Finding some overhead resistance now at the 55 MA.
* Stoch trending down and RSI looking a bit sideways.
* Layering buys at a lower price around 8.50-8.35.
* BB are also tightening so we can expect that we'll see our cascading move coming soon.
* seeing an inverse h&S complete it's right shoulder - with target of $11.85
* move isn't confirmed until break out + pull back. So ideally looking to see it break above 9.24, pull back and find support on the neckline.
4 Hour
We're trading the right shoulder of the bigger iH&S as described on the daiy.
We're broken out and are now finding support on the neckline. With both the 20 EMA and 50 EMA below us giving us some healthy support to bounce off.
Stoch RSI and RSI both showing some downward pressure so wait for a better buy in on Stoch Reset.
1 Hour
Seeing similar action as 4H . I'd expect to see a price drop as low as $8.40 anything lower really invalidates the Right shoulder's inverse H&S move. I'd be cautious shorting it.
* Stoch moving below 20 looking for a turn around soon, to low to short for me.
15m
* Finding some overhead resistance now at the 55 MA.
* Stoch trending down and RSI looking a bit sideways.
* Layering buys at a lower price around 8.50-8.35.
* BB are also tightening so we can expect that we'll see our cascading move coming soon.