After touching the long-term downtrend resistance in early June and consolidating for 3 months in fairly tight range, it got onto the resistance line again on Friday.
This completed year-long inverted H&S pattern (visible on the weekly chart).
Climbing and staying above $37 or falling bellow $29 should bring major move. Let's see what's next.
This completed year-long inverted H&S pattern (visible on the weekly chart).
Climbing and staying above $37 or falling bellow $29 should bring major move. Let's see what's next.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.