Head and Shoulders
Need to break downtrend to form possible H&S
Ways to play
1# run it up to neckline and out
2# wait for break of neckline + retest +jump
MUST BREAK DOWNTREND before the above can happen
if not another leg down to 6.k
break would lead to 5.7 or below (cringe)
indies
RSI = oversold heading towards 50%
downtrend test coming
possible h&s formation (POSSIBLE)
Previous chart below.
Ways to play
1# run it up to neckline and out
2# wait for break of neckline + retest +jump
MUST BREAK DOWNTREND before the above can happen
if not another leg down to 6.k
break would lead to 5.7 or below (cringe)
indies
RSI = oversold heading towards 50%
downtrend test coming
possible h&s formation (POSSIBLE)
Previous chart below.
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