So looks like we broke out of our downtrend.. Or did we? Dead Cat bounce maybe? Well currently we are sitting between the 50 day ema and our trendline with a head and shoulders forming. For that to hold true we need it to close above the neckline. We also will be looking for increased volume which currently isnt looking so. Looks like the rsi is around 53 and the macd is as i say breakeven lol. If we do close above the neckline, look for a pt of around 1.12 then back down to the trendline and then break to a pt of around 1.35. If we fail to close above the neckline, I believe this could be a dead cat bounce and we will be resuming our downtrend to hit our first resistance around .76 and to my previous pt of .24... So we will say im neutral for now towards bearish. Im new to technical trading so I use this for my own strategies. Any help is greatly appreciated. Thank you and good luck.
הערה:
Then to my previous downtrend PT of .24
הערה:
We are getting closer to a confirmation of the H&S just waiting for a close above 1.02... Im thinking you may get a quick 10% but I see it coming back down.