All roads lead to SHORT it DOWN !
There are now to much BEARISH SIGNS ... "Shoulder-Head-Shoulder", "Bear flag", "Bearish Crossing of EMA25 and EMA50" and maybe an "Evening star", what we will see on Monday! In addition buyers volume went down, daily RSI point to the down side and Stochastic RSI is in overbought area! The same situation we had in April/May 2019 (take a look there)!
Note
The banks reported: -5430 "Longs" and +13617 "Shorts"!Note
"Bloody Monday" for bulls ahead!Note
First target $62 !Note
Now a "BEARISH ENGULFING PATTERN" has formed! Downward trend confirmed !Note
By the way, after "LEFT SHOULDER" and "HEAD" now we've the "RIGHT SHOULDER" at exactly the same level like the left one! And all ended with a "BEARISH ENGULFING PATTERN" which was the last step for the TREND REVERSAL to the DOWNSIDE ... $52 ahead!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.