EVN: Breaking bullish trend Head and Shoulder's Pattern??
I'm new to TA, this analysis might be completely wrong, happy to hear any feedback.
Looks like a head and shoulders pattern breaking bullish trend. Lower highs and lower lows on weekly RSI = momentum breaking down , bearish gold prices and lower volume profile could be other bearish factors. If I am wrong, it's probable going to be a nice bounce of the trend line upside to target price $4.55 (16% upside).
PS- This is not financial advise, please DYOR.
Looks like a head and shoulders pattern breaking bullish trend. Lower highs and lower lows on weekly RSI = momentum breaking down , bearish gold prices and lower volume profile could be other bearish factors. If I am wrong, it's probable going to be a nice bounce of the trend line upside to target price $4.55 (16% upside).
PS- This is not financial advise, please DYOR.