Dear friends,
As you can see there is a resistance from the downtrend line and at the Neckline of the H&S.
We can see a bearish divergence through the the MACD lower highs and throught the price higher highs. I'll suggest if you want to enter in a long position to wait the breakout of the neckline.
We can see a little correction followed by a retest of the neckline.
Good luck with your trades,
Don't forget to like and follow;-)
Mehdi Green
As you can see there is a resistance from the downtrend line and at the Neckline of the H&S.
We can see a bearish divergence through the the MACD lower highs and throught the price higher highs. I'll suggest if you want to enter in a long position to wait the breakout of the neckline.
We can see a little correction followed by a retest of the neckline.
Good luck with your trades,
Don't forget to like and follow;-)
Mehdi Green