Possible reversal

4 במאי 2020

First off I want to mention how much this chart resembled the GFC after it crashed. There was a hopeful rebounce and then another rejection. There also seems to be a double top forming which signals a reversal and the MACD signals strength is slowly diminishing. There could be a possibility of even a triple top before reversing, but I am doubtful it will break current resistance as there was a doji on the weekly chart from the week prior and a potential 'death cross forming' in the weekly chart. I characterize a death cross when the orange goes over the blue line.

*This is in no way trading advice, simply an opinion