Price forming a H&S pattern with divergence on RSI. If the right shoulder starts falling soon, then we can enter now with great risk-reward. Adding another short on the break of the neckline.
Weekly level shows resistance right on the 78.6% fib level from the all-time highs (see below).
Price targets of banks and investment funds are below $120 at least, so probability of price falling is high. Wait for impulsive move down first.
Good Luck!
Weekly level shows resistance right on the 78.6% fib level from the all-time highs (see below).
Price targets of banks and investment funds are below $120 at least, so probability of price falling is high. Wait for impulsive move down first.
Good Luck!
Comment:
Weekly view of the Fib level