Big warning sign! SHS formation on the monthly! Short !!!
Hello,
i noticed this formation a few month ago, but now as the right shoulder starts to build the information, i want to publish this one.
Long term ( 6 - 18 month ) short is possible!
Massive downmove awaiting if this SHS is playing out.
Red line shows difference between head and baseline = possible move down.
And you can see divergence in the RSI .
200 MA (month) is huge support, if we will reach this region, that could be a nice long entry!
Good luck and greetings!
i noticed this formation a few month ago, but now as the right shoulder starts to build the information, i want to publish this one.
Long term ( 6 - 18 month ) short is possible!
Massive downmove awaiting if this SHS is playing out.
Red line shows difference between head and baseline = possible move down.
And you can see divergence in the RSI .
200 MA (month) is huge support, if we will reach this region, that could be a nice long entry!
Good luck and greetings!
Sure, the panic because of corona was a big catalyst!