The maxima and minima depend on psychological factors and, therefore, are more evident on the graph. The most famous formation is the highest the head and shoulders
. There is a very common variant of the head and shoulders
formation, consisting of three push towards a maximum. This pattern often develops as part of training culminating at the highest bigger and longer lasting. The classical maximum Moreover, it also shows a clear divergence (Look at the RSI
). If we add the presence of figures downward, according to the chart, the technical picture becomes clear. All this will surely lead to a full-bodied well-tracing, rather premature to think of a possible reversal of the exchange, however, that it could lead to the overcoming of the area 1:55 to 1:54. What do you see?