While in the longer term HSN is trending downwards, this trend is happening within a range of roughly 50%. Swings within this range follow a pattern -
1. the price will shoot up to meet the upper trend line
2. falls downwards to meet the lower trend line
3. bounces back to the upper bounds of the light blue zone
4. retreats gradually into the yellow zone
Given...
Hi All,
A double top pattern has complete and down trend seems to be reversing albeit not reaching its assumed target of peak to support distance. This might suggest a possibility for additional bearish movement however other indicators would suggest otherwise.
Short term trend reversal seems to have occurred, however an additional days confirmation above 3.09...
