POSSIBLE HEAD AND SHOULDER PATTERN
Hello traders. we are seeing possibly head and shoulder pattern here which is one of the most common reversal patterns in trading. Price is currently at a resistance zone and if rejected, we can see a push down to the .382 retracement of this bullish leg which will give us a right shoulder for a possible buy position. This down trend may be exhausted and we will monitor price to see if it breaks resistance or respects it. This is an idea not a signal, published for educational purposes. Traders should not predicted the market but react from it.
Trade smart, don’t gamble!
Trade smart, don’t gamble!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.