has formed a Inverted H&S
. We have a hidden bullish divergence
on the MACD
. 200EMA has just been tested and found support. This could play out nicely for a 5-7% long. Plenty of overhead resistance, but I would like to see if this plays out.
It looks to me that this has come after an Elliot wave
and and ABC
Fingers crossed that maybe we have found the bottom, having said that who knows? Im just looking at this chart and what it tells me.
Have a great day!!