Left Shoulder Top confirmed on JSE:AEL
The left shoulder has reached the top and at the same level as the right shoulder which is a good sign for a Shoulder-Head-Shoulder pattern.
The MACD and RSI look to still be strong so I have a feeling that we will see a RETEST of the R22 resistance and then maybe a drop or it could start the downtrend immediately.
Just watch it over the coming days as the SHS forms and wait for the SHS to complete entirely.
*This is not financial advice and let me know what you think is going to happen.*
The MACD and RSI look to still be strong so I have a feeling that we will see a RETEST of the R22 resistance and then maybe a drop or it could start the downtrend immediately.
Just watch it over the coming days as the SHS forms and wait for the SHS to complete entirely.
*This is not financial advice and let me know what you think is going to happen.*
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