Inverse Head & Shoulder pattern seems to have been completed. Also, the 4hr-candle has spiked above the very strong resistance, which have been so bearish for more than a month. MACD is on the uptrend and the oscillator gives us a buying signal. However, in my eyes, the momentum is not that huge. Thus, we have to keep the eyes on how it will move on the chart more carefully. Since the momentum is not so strong, there is both possibilities of going up and falling down.
Thanks for reading.
*** This is my humble personal opinion, but not FINANCIAL ADVICE.
*** I am always open to criticism and new learning.
Thanks for reading.
*** This is my humble personal opinion, but not FINANCIAL ADVICE.
*** I am always open to criticism and new learning.
