HNSAI don't know if this is a valid method but it caught my eye that the bars pattern of the last dowtrend and the downtrend before are very alike. Both with a downmove of around 83%. On the MACD it also moved up at the same level so could this mean something?
Could this be a valid theory or am I just trippin?
Not finncial advice in case this wasn't already clear :)
HNSA trade ideas
Hansa to reverse?Breakout on the 1st of July
Confirmation on the 10th of July
Now we're retesting the 160 levels which are the last line of defense.
Still some potential for reversal since it's not uncommon that the "last Bear" level is retested after a breakout before rallying...
M1 50 SMA and W1 200 SMA also here as a support
Monthly and weekly still under bull control
Wait and see...