Another Possibility
Just analyzing the inverse h&s first and observing what is happening now:
1.Before each of the left shoulders, there is a lower RSI signal.
- There is a lower RSI value before May 28th's.
2. Before each of the inverse h&s, the macd volume is lower than both before and after ones; and during the inverse head, the volume is the highest during the period.
- The macd volume peak on May 11th is relative small, and more importantly, smaller than the one on May 23rd. Moreover, the current volume is the highest one since May 11th.
Thus, if the current price hold, we might be experiencing the bottom, and as the right shoulder can finish above the resistance on the price, we can be in the bull again.
Or the inverse h&s doesn't exist this time or broken by the SEC. Just wait for the announcements/news these days by the US Federal Reserve, European Central Bank, and Japan Central Bank.
1.Before each of the left shoulders, there is a lower RSI signal.
- There is a lower RSI value before May 28th's.
2. Before each of the inverse h&s, the macd volume is lower than both before and after ones; and during the inverse head, the volume is the highest during the period.
- The macd volume peak on May 11th is relative small, and more importantly, smaller than the one on May 23rd. Moreover, the current volume is the highest one since May 11th.
Thus, if the current price hold, we might be experiencing the bottom, and as the right shoulder can finish above the resistance on the price, we can be in the bull again.
Or the inverse h&s doesn't exist this time or broken by the SEC. Just wait for the announcements/news these days by the US Federal Reserve, European Central Bank, and Japan Central Bank.
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