This pattern on the 4HR chart has shaped up into a fairly good looking head and shoulders in my opinion. The support line is pretty clearly defined and the head and both shoulders happened pretty nicely as well. Either way i think its clearly in some kind of distribution phase for this time frame, and selling the break of the support line wouldnt be a bad idea if it happens. Thoughts, opposing views, etc would be appreciated. Happy Trading!
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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.