Be careful. Possible Head & Shoulders. Support at $190
Greetings. I’m slightly bearish on DOCU based on the potential head & shoulders pattern forming on the daily chart. The weekly MACD (not shown) is currently bearish. I also notice bearish divergence on the RSI indicator, which indicates that demand for this asset is waning and the trend may reverse into a bearish trend.
Happy Trading!
Happy Trading!
Note
H&S Formation Rejected on the 28 Aug candle. New pattern forming...will post new idea soon.
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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.