RCAT Head & Shoulders Formation or Reversal?
RCAT has completed the formation of the head with a bounce at neckline and is currently on the leg up for the right shoulder formation.
Watching for continued volume contraction as the right shoulder forms for further bearish signals. If instead, volume expands, (especially further than the left shoulder formation), then I will be watching for bullish confirmation of a reversal.
Key signal is volume and market momentum on if this completes a H&S or marks a reversal.
Watching for continued volume contraction as the right shoulder forms for further bearish signals. If instead, volume expands, (especially further than the left shoulder formation), then I will be watching for bullish confirmation of a reversal.
Key signal is volume and market momentum on if this completes a H&S or marks a reversal.
交易進行
First PT of $10.53 reached. Retest of neckline does not bode well for the bears hoping for a reversal after the advance of the right shoulder.
just practicing & learning
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
just practicing & learning
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。