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Hi Pluteo,
From the chart I would read the following with ref to RSI.
you may have a positive reversal either side of the head in the h+s , this could indicate a target of above '5' on your chart.
the RSI has turned giving you the signal here.
If this fails I would be looking for the support on the RSI at around 50 to break. I would expect it to then start a downtrend short term.
Maybe on a lower time scale you may find some negative reversals from this recent high to show just that which may be tradeable. The downside scenario on this time scale in my view is
also being intimated by the negative divergence between the two highs on price and rsi.
So from that, depending on your time scale for trading there are
a few triggers to watch.
Cheers
Triplepack
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