Things could turn bull but watch out for that RSI

First of all, many were calling for an H&S . Well, I didn't see it coming....and it actually didn't come.

That said...

Hourly charts shows an ascending triangle formation meaning a continuation of the bull pattern could be underway BUT volumes are pretty low at the moment and Stoch . RSI inverted headed towards an oversold area.

All considered, much depends on breakout direction and volumes, as usual.

I'm honestly pretty much neutral at the moment. I don't see a clear sign to define a trend although the most probable bet is bull.

As usual, not a trading advice, merely my idea for educational purposes.

評論:

Here it comes

評論: No way, the breakout was a "false" one. Expect a serious retracement now