Previously, I stated that we see a reverse head & shoulders despite people calling it is normal head & shoulders and I was proven right as after last shoulder we followed the black line I have drawn.
Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again this blue line intersects with MA, making it even a harder point.
If we break, we are clear in the woods and bullish move will be confirmed. If we come back from this resistance then we will draw smaller zigzags and see a closing triangle. I am bullish on the company and long.
Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again this blue line intersects with MA, making it even a harder point.
If we break, we are clear in the woods and bullish move will be confirmed. If we come back from this resistance then we will draw smaller zigzags and see a closing triangle. I am bullish on the company and long.