There is a good H&S pattern formed and the price broke the neckline as of today closing below 367.
the current downtrend could reverse towards a bullish move soon before the next dip down to 320ish.
Analysis:
At present RSI 31 which still has some more room to go down.
Fib support level for 161% of previous up move is at 357.7 at which RSI would be around 18-20 - can take this as early entry for a bullish move to 370ish
Since H&S neckline is broken, we can look towards short at around 370 to go down to 320ish.
the current downtrend could reverse towards a bullish move soon before the next dip down to 320ish.
Analysis:
At present RSI 31 which still has some more room to go down.
Fib support level for 161% of previous up move is at 357.7 at which RSI would be around 18-20 - can take this as early entry for a bullish move to 370ish
Since H&S neckline is broken, we can look towards short at around 370 to go down to 320ish.
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。
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。