The broken neckline was tested back now for three times.
When a level gets tested more than two times often the level will not hold for long anymore.
Also, the price did not get rejected at the neckline, instead there seems to be acceptance.
Conclusion is;
bears seems to run out of fuel for now,
bulls can take back the neckline soon,
the bearish reversal pattern becomes unvalid,
soon we will see 16500,
those positive things could refuel the bulls,
WE WILL SOON FLY AGAIN!!
Cheers!
When a level gets tested more than two times often the level will not hold for long anymore.
Also, the price did not get rejected at the neckline, instead there seems to be acceptance.
Conclusion is;
bears seems to run out of fuel for now,
bulls can take back the neckline soon,
the bearish reversal pattern becomes unvalid,
soon we will see 16500,
those positive things could refuel the bulls,
WE WILL SOON FLY AGAIN!!
Cheers!
but since it dint hold as a support and brakoe again also under a good volume there is stilll a good change price will visit 12400 wich is the target of the bearish HnS