Slope of the curve is shallowing and volume dropping off with tightening range. May drop a lag lower first, but I'm waiting for a break in the RSI trend line, and a break of double-top 4.15 resistance with some volume to confirm reversed daily trend. Unless big news hits, it could slowly rise, forming the second half of the cup before hitting 6.34 resistance whereby a handle (bull flag) would have the chance to form and retest resistance for potential break out. Just a thought.
Commentaire:
Inverse head and shoulders nearly complete beneath this angled line of resistance. If neckline breaks with solid volume, it would be a good sign for the bulls.