As you can see on the chart, it is about to touch a major resistance, so I can speculate three possible scenarios:
- Cup & Handle Pattern, which could give us a significant retracement and then take a long position
- It could hit resistance, have minimal retracement, and touch resistance again, so we could possibly see a Double Top, or a Head & Shoulders
- It could break through the resistance without any problem, touch it again, and we could expect some bullish momentum.
Let's see ✍🏽
- Cup & Handle Pattern, which could give us a significant retracement and then take a long position
- It could hit resistance, have minimal retracement, and touch resistance again, so we could possibly see a Double Top, or a Head & Shoulders
- It could break through the resistance without any problem, touch it again, and we could expect some bullish momentum.
Let's see ✍🏽
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