UnknownTraderH

UnknownTraderH

As you see, we might be forming the right shoulder. If the price breaks below the trendline, It might increase the probablity of H/S.

UnknownTraderH

As you can see the price has broken the upward trend line. it has completed the wave A and going for the wave B. The wave B has confluence with the 50% fib of wave A and is the retest point of the break out. It seems that the price is going to test the trendline again and move down till around 67.5.

UnknownTraderH

As you look at the Aroon indicator, you can see that its indicating indicision. The price has also been consolidating in the channel(although it had a fake out recently). But what makes sense is that the price is forming a head and shoulder pattern and indicating a break out of the consolidation channel(might happen as a fake-out too). Moreover, the A/D is also...