Testing of Median Line of Andrew's Pitchfork and Neckline of Complex Head and Shoulders in progress. A closing below these 2 lines will test the 200 SMA support line. Further weakness will bring price to the pink support line followed by a test of the lower support of the green pitchfork formation.
However, a closing back above the neckline may see a retest of the upper pitchfork resistance boundary. Stay alert and be nimble a weak closing today will probably cause further price drop.
Posts
