Be careful. Possible Head & Shoulders. Support at $190

١٩ أغسطس ٢٠٢٠

Greetings. I’m slightly bearish on DOCU based on the potential head & shoulders pattern forming on the daily chart. The weekly MACD (not shown) is currently bearish. I also notice bearish divergence on the RSI indicator, which indicates that demand for this asset is waning and the trend may reverse into a bearish trend.

Happy Trading!

٢٩ أغسطس ٢٠٢٠

ملاحظة

H&S Formation Rejected on the 28 Aug candle. New pattern forming...will post new idea soon.