Price hit a major support level, where price had bounced off of many times back in August.
Bullish hammer candle in H1 has formed at that support level, showing strong buying pressure.
M15 shows a 3-bar reversal candle pattern at that support level.
Bollinger bands have been broken + RSI level has been passed.
I predict price will spike up very soon from here. I'm...
I see a head and shoulders pattern completed.
I see price retracing back to the H&S to re-test the neckline + horizontal zone.
If price reaches the neckline and shows bearish rejection, I will go short.
2 possible scenarios:
A: Possible retest of resistance/support zone. If price starts bouncing away from support, I will go long.
B: Possible head and shoulders pattern. If I see a break and re-test of resistance zone, I will go short.
Triple top is forming around key resistance zone.
Tendline is being respected.
Price is reaching oversold territory on the RSI.
A lot of wick rejections in M15.
I expect price to drop soon.
I'm going short on this one.
