Possible Reverse H&S formation...need tostay above 4.21 and move beyong neckline
palying the scenario....this is doomed to move higher.....markets awaiting good news the weeks to come...
RSI is on a good position to reverse the stock for a final move up.....monitor the stock and looking to sort it from higher or from lower if it brakes the support line
a little bit of channeling.....lower highs and lower lows....target the lower support line around 26....SL 34
perfect pattern....a triangle formation that took long enough to complete...this is the perfect triangle...note how wave E doesn't reach the lower level of the triangle...this was a very strong signal....moreover triangles need to break at around 2/3 of their distance and that has done so....it reached the target....formed -ve divergencies with increasing volumes...
I have a bias towards a short position here but i would prefer to see a clear break below the trendline....let's see
i beleive its forming its last leg up as an ending triangle formation....
overbought....ADX extreme value will retrace it.....price has reached the fibo ext level.....trying to form a doji for this week...target around 6.30
choose your target and simply sort it :)..i would go for the 45 level
it is excausting its power....will probably move a bit higher but that will eventually lead to steep fall at around 90...