Currently we retraced from the neckline which connects the previous 2 highs -> on the daily view we are above the 50 MA which if we can hold and stay nicely above we could see a breakout to my next target.
Retesting the neckline would be likely after we hit the resistence line which at that time would fall together with the 100 Daily MA.
( Yes I moved my 12345-Line a bit but still same trendlines as targets. ( In the time this would play out this is more realisticly imo then previous ) )
Retesting the neckline would be likely after we hit the resistence line which at that time would fall together with the 100 Daily MA.
( Yes I moved my 12345-Line a bit but still same trendlines as targets. ( In the time this would play out this is more realisticly imo then previous ) )
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So, what just happenend was that it bounced back of the 50 Daily MA above the H&S Neckline -> Further upside incoming !!! ParSar was turned for 1 hourly candle but flipped back to bullish at the time of making the analysis.
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Close above € 0.048122 today would be great due to it being a good resistance for now ( previous support points before the dump )
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Big Volume for today !!! Surpassing the volume of 22th of Nov. Being above the 50 Daily MA is a fact now -> Looking for more bullishness.
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Hit Red Resistance and retraced a little will there be a retrace now to the neckline of the H&S where we broke out of ?
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Did we already break out of this ? Will we reach 7 cents earlier then I expected probably yes. Cup and handle hmmm we shall see what the whales give us ;)
