On the hourly chart 100SMA is really pushing down that double top formation on support level. A very steep downward channel may form if that support is broken with enaugh negative momentum. On the other hand it may form a triple bottom on support looking for the second shoulder towards 100SMA pushing down. Considering the big divergence in RSI I would be inclined to opt for the second scenario but a break in both ways may produce very good opportunities. Thank you
Comment:
Comment: