- Price is at significant daily resistance level - Both RSI and MACD showing bearish div since April - Should price break below rising support, it will complete H&S pattern driving it down to the .61 Fib - MACD and RSI showing bearish Div since April
Alternate View: Bullish should price break above and find support at 74.000 Resistance level.
HOW TO TRADE:
- Look for bearish opportunities at breaks and retests of major resistance levels on 4hr/1hr timeframes.
- Watch for break of major rising support line to confirm further downside. and complete H&S pattern