Chart currently shows Bearish Signal as per the following reasons:
Indicators:
1. Slight Dark Cloud cover indicated
2. Two Black crows, today's trading will indicate if three black crows are confirmed.
3. Slight Bearish divergence
Patterns:
1. Bearish rising wedge on graph - indicates a potential bearish signal
Bullish After Cup and Handle Formation
Although it seems that perhaps the bearish trend may be limited to form a cup and handle pattern, once handle is broken - uptrend to continue.
Indicators:
1. Slight Dark Cloud cover indicated
2. Two Black crows, today's trading will indicate if three black crows are confirmed.
3. Slight Bearish divergence
Patterns:
1. Bearish rising wedge on graph - indicates a potential bearish signal
Bullish After Cup and Handle Formation
Although it seems that perhaps the bearish trend may be limited to form a cup and handle pattern, once handle is broken - uptrend to continue.
Trade closed: target reached:
$127