An alternative way to look at it would be in the form of a h&s reversal pattern that is in the process of completion as shown above.
Note
Break below neckline..Note
Possible test of the 1.272 BC projection.
Note
Potential bullish butterfly.
Note
Note
First target reached. Reversal anticipated at this point.
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.