it looks like its forming a double top on 4 hour. if it breaks below the Support, then the inverse H&S is no more, if it doesnt break below that Support, then think of it as an additional shoulder for the H&S
only if it goes bellow that strong red resistance.
strength of my Support & Resistance is based on how dark they are. Lightest = not as strong Darkest = strong S&R
Long with a STOP @ $65 TARGET 1 @ $75 TARGET 2 @ $80 Momentum is picking up, MacD is about to cross above 0 and ADX & DI looks like is about to crossover, but it still has to pass $67-$70 zone, if it can pass that, looking for a $5 - $10 move If it cant pass above $67-$70 ill be looking to SHORT for a move down to $60-$62
Long with a STOP @ $65 TARGET 1 @ $75 TARGET 2 @ $80 Momentum is picking up, MacD is about to cross above 0 and ADX & DI looks like is about to crossover, but it still has to pass $67-$70 zone, if it can pass that, looking for a $5 - $10 move If it cant pass above $67-$70 ill be looking to SHORT for a move down to $60-$62
Long with a STOP @ $65 TARGET 1 @ $75 TARGET 2 @ $80 Momentum is picking up, MacD is about to cross above 0 and ADX & DI looks like is about to crossover, but it still has to pass $67-$70 zone, if it can pass that, looking for a $5 - $10 move If it cant pass above $67-$70 ill be looking to SHORT for a move down to $60-$62
Long with a STOP @ $65 TARGET 1 @ $75 TARGET 2 @ $80 Momentum is picking up, MacD is about to cross above 0 and ADX & DI looks like is about to crossover, but it still has to pass $67-$70 zone, if it can pass that, looking for a $5 - $10 move If it cant pass above $67-$70 ill be looking to SHORT for a move down to $60-$62
Long with a STOP @ $65 TARGET 1 @ $75 TARGET 2 @ $80 Momentum is picking up, MacD is about to cross above 0 and ADX & DI looks like is about to crossover, but it still has to pass $67-$70 zone, if it can pass that, looking for a $5 - $10 move If it cant pass above $67-$70 ill be looking to SHORT for a move down to $60-$62
indicators are showing that the up trend is losing momentum as of 2/1/18 Possible patterns and outcomes - Double top - Triple top - Ascending triangle Expecting a swing up to 1.25 or swing down to Support (1.22ish) we shall see in a day or two
indicators of last week say its going up. all it has to do is pass the dotted purple lines