H&S Shanted / Breaking To The Upside

١٤ يناير ٢٠٢٠

Currently we retraced from the neckline which connects the previous 2 highs -> on the daily view we are above the 50 MA which if we can hold and stay nicely above we could see a breakout to my next target.

Retesting the neckline would be likely after we hit the resistence line which at that time would fall together with the 100 Daily MA.

( Yes I moved my 12345-Line a bit but still same trendlines as targets. ( In the time this would play out this is more realisticly imo then previous ) )

١٤ يناير ٢٠٢٠

ملاحظة

So, what just happenend was that it bounced back of the 50 Daily MA above the H&S Neckline -> Further upside incoming !!! ParSar was turned for 1 hourly candle but flipped back to bullish at the time of making the analysis.

١٤ يناير ٢٠٢٠

ملاحظة

Close above € 0.048122 today would be great due to it being a good resistance for now ( previous support points before the dump )

١٤ يناير ٢٠٢٠

ملاحظة

Big Volume for today !!! Surpassing the volume of 22th of Nov. Being above the 50 Daily MA is a fact now -> Looking for more bullishness.

١٧ يناير ٢٠٢٠

ملاحظة

Hit Red Resistance and retraced a little will there be a retrace now to the neckline of the H&S where we broke out of ?

١٧ يناير ٢٠٢٠

ملاحظة

Did we already break out of this ? Will we reach 7 cents earlier then I expected probably yes. Cup and handle hmmm we shall see what the whales give us ;)