4H Chart
Scenario 1: Possible to go into a 7% up/down range until Christmas or later, but too soon to know yet. <- I need advise on this.
Scenario 2: Higher possibility to form a head and shoulders to further confirm a downtrend.
A further analysis on the previous Daily chart I made. Link below.
- RSI just below the overbought still indicating a higher chance of a downtrend.
- MACD crossing down also indicating a downtrend soon.
- Decreasing volume on an uptrend that is also losing momentum also another sign for a reversal.
Scenario 1: Possible to go into a 7% up/down range until Christmas or later, but too soon to know yet. <- I need advise on this.
Scenario 2: Higher possibility to form a head and shoulders to further confirm a downtrend.
A further analysis on the previous Daily chart I made. Link below.
