PENDING SELL OPPORTUNITY
LOOKING AT A HEAD AND SHOULDER MARKET PATTERN
**WAITING FOR PRICE TO BREAK NECKLINE**
REJECTING OFF STRONG RESISTANCE
USING 21/8 MA/EMA CROSSOVER
RSI SHOWING DIVERGENCE, PRICE IS OVERBOUGHT GETTING WEAKER
DAILY CANDLE STICK PATTERN EVENING STAR
LOOKING AT A HEAD AND SHOULDER MARKET PATTERN
**WAITING FOR PRICE TO BREAK NECKLINE**
REJECTING OFF STRONG RESISTANCE
USING 21/8 MA/EMA CROSSOVER
RSI SHOWING DIVERGENCE, PRICE IS OVERBOUGHT GETTING WEAKER
DAILY CANDLE STICK PATTERN EVENING STAR
Kommentar:
PRICE BROKE NECKLINE. ON THE RETEST IT SHOWED IT WAS A FALSE BREAK OUT. WE CAN TRY TO WEAVE OUT THE FAKE BREAK OUTS BY WAITING FOR A RETEST FOR EXAMPLE.