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$HIVE Short Term Swing Formations

in a critical spot to watch to determine market direction after significant period of consolidation.

Looking for break below blue trendline to invalidate.

Looking for convincing vol to break $4.20-$4.70 resistance and test of purple trendline for breakout.

Transaction en cours

H&S neckline broke down with convincing volume.

Next sig resistance at 2.88-3.00 to observe if we bounce or continue to break down & complete the H&S measured move.

Note

$2.88 - $3.00 reached today with expanding vol on decline from H&S.

Good place to take profits as we will likely see a bounce at lower trendlines and will need a convincing break to complete the H&S measured move at ~$2.00

Trade fermée: cible de profit atteinte

Support was found at the $2.83-$2.85 price level and is forming another H&S.

Look for price action at 2.83 support to confirm break down.

franklyfresh

just practicing & learning

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franklyfresh

just practicing & learning