Trading the wave
Trading hotspot spotted:
- Restest of broken neckline of H&S
- Retest of uptrend line
- oversold state
- 1 hour macd turning up
- weekly candle extended
- I expect the weekly to make an effort to close back above
- similar to last downtrend (april)
Culmination on Sunday the 12 overnight. New downtrend to 5800 will start from 6750-6775
- Restest of broken neckline of H&S
- Retest of uptrend line
- oversold state
- 1 hour macd turning up
- weekly candle extended
- I expect the weekly to make an effort to close back above
- similar to last downtrend (april)
Culmination on Sunday the 12 overnight. New downtrend to 5800 will start from 6750-6775
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