Looking at the daily chart a clear head and shoulders is forming. We are breaking the downtrend that completed the head, now consolidating to start forming the right shoulder.
The adx has a downtrend that has not broken yet but I think it will then we will see momentum.
The TMO is squeezing to the upside
Over all I think this could be a good possibility we can hit the 4.10 mark. then fill in the right shoulder before heading back down to retest the strong support we have tested and kept the continuation in forming the h&s pattern.
My idea is enter now take profits at the $4 mark that is at the top of the right shoulder and see if we break back down. This is my personal opinion and I’m not a financial advisor.
The adx has a downtrend that has not broken yet but I think it will then we will see momentum.
The TMO is squeezing to the upside
Over all I think this could be a good possibility we can hit the 4.10 mark. then fill in the right shoulder before heading back down to retest the strong support we have tested and kept the continuation in forming the h&s pattern.
My idea is enter now take profits at the $4 mark that is at the top of the right shoulder and see if we break back down. This is my personal opinion and I’m not a financial advisor.