描述
⋅ A possible right shoulder of the H&S formation has formed in weekly chart since last analysis. It sits on 200MA on daily chart.
Question becomes whether it’s actually a H&S formation or an uprising rising channel.
I do not like that a neck like is on such steep angle, otherwise I would be convinced it’s H&S.
As mentioned before neck breakdown would signal around $90 price levels. In case of channel continuation we could eventually see huge run up.
Staying on the sidelines for now.
This is not financial, investing, or trading advise