Here you can see a C&H pattern and if, and if, we close above the green line today, we'll be good to go. Since the RSI is also near 70 and the volume is decreasing we might see some consolidation after the break out before hitting the first target.
Comment:
chi ching!
Comment:
Two possible ways to go from here:
1- It will go back down to test 190 and then continue toward Target 2.
2- Will go sideways and form a triangle before breaking out. We're seeing this scenario playing out right now.
Action: take your profit, wait for the next signal and watch the volume.
1- It will go back down to test 190 and then continue toward Target 2.
2- Will go sideways and form a triangle before breaking out. We're seeing this scenario playing out right now.
Action: take your profit, wait for the next signal and watch the volume.
Comment:
Round 2
