In the last idea, we looked at the bullish flag and the triangle. But something went wrong and everywhere the output was down. Fortunately, we only go in the breakdown, and therefore not lost anything. Also wave analysis ceased to give any signals. And all that with great probability has grown into an inverted head and shoulders. I considered before that the usual head and shoulders with output down, but the buyers did not let this happen. So I give my voice towards this setup. My colleagues also think too
Note
in fact, now the situation is risky. As there is 3 of a kind pattern that I see. Inverted heads and shoulders, normal heads and shoulders, and a far-reaching diagonal triangle. Suggest to enter on the breakout, with less risk of your Mani managementNote
this idea takes place until there are waves in our new triangleNote
the price at any time can break the neck and go higher, so watch the breakdownOrder cancelled
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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.