Has formed a massive inverted H&S pattern on the daily. The neckline is $4.28c zone whist the ATH is $4.50c zone. Be patient with this one as chances of a false break are high. So are chances of a retracement from the neckline. The pattern is notorious for such behavior
- ADX<20. Would like to be higher.
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS N/A
- Weekly FFI -ve
- Weekly MACD -ve
- Breakdown from range and up trendline on 18 Aug 2021 first.
- 19 Aug 2021 showed buyers coming in but closed with a long head wick indicating possible sellers still in...
Check chart. Please see previous chart Feb 16.
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade or investment.