Possible retest and continuation to upside or downside to HL
Our resistance point is the high of Q4 (R19,6282) which is also the head of the head and shoulder pattern.
Looking at recently a AB=CD pattern could complete near the recent higher high which is also last weeks high, and I'm expecting a sell signal could mean a possible reversal to last week low ,which is also the recent higher low (R18,81728) however a possible retest and continuation to the upside is also on the cards near (R19,15924).
Looking at recently a AB=CD pattern could complete near the recent higher high which is also last weeks high, and I'm expecting a sell signal could mean a possible reversal to last week low ,which is also the recent higher low (R18,81728) however a possible retest and continuation to the upside is also on the cards near (R19,15924).