Price retesting weekly resistance area, then reverses and breaks the trendline.
RSI also shows a bearish divergent.
However, the price is currently testing the support which is the neckline area of the potential head and shoulders pattern.
From this level the price may react by bouncing back.
We can sell when the price is testing the grey area which has the potential to become the right shoulder
RSI also shows a bearish divergent.
However, the price is currently testing the support which is the neckline area of the potential head and shoulders pattern.
From this level the price may react by bouncing back.
We can sell when the price is testing the grey area which has the potential to become the right shoulder