Ok... This one is interesting. Your typical text books formation. But, the Right Shoulder has not been confirmed yet, so it might not form it in the end. Be careful.
If it will close above around 3.30, then it won't be H-a-S. But if it will want to push lower, then I would be really happy to see it go to 2.80, 2.60 and we're very lucky, 2! But this just an idea.
The 100 MA is really helpful here, because it gives additional upper resistance. If that gets broken, watch where the Weekly candle will close.
In general, I would like to see some selling going into the warmer season.
If it will close above around 3.30, then it won't be H-a-S. But if it will want to push lower, then I would be really happy to see it go to 2.80, 2.60 and we're very lucky, 2! But this just an idea.
The 100 MA is really helpful here, because it gives additional upper resistance. If that gets broken, watch where the Weekly candle will close.
In general, I would like to see some selling going into the warmer season.
