Head and Shoulders

Need to break downtrend to form possible H&S

Ways to play

1# run it up to neckline and out
2# wait for break of neckline + retest +jump

MUST BREAK DOWNTREND before the above can happen

if not another leg down to 6.k

break would lead to 5.7 or below (cringe)


indies
RSI = oversold heading towards 50%
downtrend test coming
possible h&s formation (POSSIBLE)


Previous chart below.