It broke down from the rising wedge but recovered a bit. Now it's forming an H&S.
I am just an amateur, practicing. Do not trade this.
I am just an amateur, practicing. Do not trade this.
Note
The right shoulder can top between $39,800 (lower left shoulder peak) and $40,300 (lower head peak). So it's an area, not a line.
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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.