Powerful Bull sentiment
According to the past, there was a butterfly pattern formed during these price activities. You can easily see it through 26 candles away from the present. It's illustrated by the lagging line from the ichimoku indicator. The pattern's parameters should be 78.6,1.27 1.618 respectively.
In real time information there's a three drive pattern. Now the three drive pattern usually indicates the slowing momentum of the main trend. This means likely of the reversal to happen. I also have the head and shoulder in progress. The right head, will be my entry level. If it breaks through that level then I will start to think like a bear.
NB: MACD has several weak bearish signals
In real time information there's a three drive pattern. Now the three drive pattern usually indicates the slowing momentum of the main trend. This means likely of the reversal to happen. I also have the head and shoulder in progress. The right head, will be my entry level. If it breaks through that level then I will start to think like a bear.
NB: MACD has several weak bearish signals
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