Two things could happen here either it will break through support or retest the resistance level again, making a double top or a possible head and shoulders, then break support level
Using the neckline, from the previous candlestick pattern, Head and shoulders, now the same neckline is being used as resistance, which I see an ascending triangle possibly forming, now this is just an idea, if that's the case, you can place some trades but, it will have to be a day trade, just some in and outs, see you at the market, LJ.
Now it's possibly that a double top is forming, or a head and shoulders, as we saw a lot volatility in the market, the safe thing to do is to wait for the chaos, to quiet down, now, we've entered lockdown, so it's possible some short are waiting for us at the neckline of the possible double top forming, only one way to find out, see you at the market, LJ.
Possible head and shoulders forming, something to consider, however, it's friday last day until the market is closed so, we need to consider things may change, best thing to do is, wait for the market to cross our neckline, or let it cross it then wait for a retest, either the market can play us, and well brexit, does you know, brexit. Happy Trading
Although the market is in a long downtrend, it showed a reversal and started forming higher highs and higher lowers. However, don't get happy just yet as the market failed to break through my major key level, but still managing to make higher lows, still on insistenting a temporary uptrend. As you can see it bounced off my counter trendline multiple times but...