Analysing some charts for the following week and found what looks to be a head and shoulders bottom forming. Is the sell off not finished? Could we see another leg down before we recover?
Price broke up past the cloud but this could mean a false breakout and a short term rally, price has dropped below the conversion line and closed below the past 4 periods. The lagging span is still below the cloud so there isnt clear signals that this is a bullish trend forming just yet.
Price broke up past the cloud but this could mean a false breakout and a short term rally, price has dropped below the conversion line and closed below the past 4 periods. The lagging span is still below the cloud so there isnt clear signals that this is a bullish trend forming just yet.