Will we see creating a right shoulder? that's a possibility.
It's about just resetting the RSI.
Still the hidden bearish divergence.
IF there's a H&S created and we take that measured move.
Than it can touch the downtrend line around 28188 (depending where and when it's crossing that neckline AGAIN IF there's a H&S)
Also look at the 20 ema what crossed below the 50 ema and if you look where it happend before in the chart, this means bearish
Time will tell
It's about just resetting the RSI.
Still the hidden bearish divergence.
IF there's a H&S created and we take that measured move.
Than it can touch the downtrend line around 28188 (depending where and when it's crossing that neckline AGAIN IF there's a H&S)
Also look at the 20 ema what crossed below the 50 ema and if you look where it happend before in the chart, this means bearish
Time will tell
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.