If today plays out it will be an Evening star, so I'd expect a retrace to get it back on track and to firm up the indicators.
I take it that this is a dual listed security? I'm going by the posts about London. That can always throw a spanner in the works and void patterns if they ignore today's pattern and just keep moving. Prime example last year was RMP, gaps & evening stars everywhere but it just kept rolling.
If I wasn't already in, I'd be looking on Monday to see if we get that retrace or not. If we don't then this becomes a very bullish prospect indeed. If we get the retrace I'd wait for the dust to settle before taking a position. If I was trapped in this higher I'd be trading my way out by riding the peaks & troughs.
All in my opinion only with no investment advice given at all. It's only what I'd be doing.
Add to My Watchlist
What is My Watchlist?