Hi.
Looking at the 4 hour chart - and the possibility of a REALLY PRETTY BIG inclined inverse head and shoulders developing.
Not knowing all the "rules" of the H&S pattern, this may be total baloney. But the orange lines seem to be in about the right set of shapes. Interestingly, the purple parallel lines show the shoulders have a very consistent height.
If this were real, I think the theoretical target of the pattern would be something on the order of $1010 - 1020, but with some significant resistance along the way.
This is not trading advice - Keep your money in your pockets where it's safe.
<3
Looking at the 4 hour chart - and the possibility of a REALLY PRETTY BIG inclined inverse head and shoulders developing.
Not knowing all the "rules" of the H&S pattern, this may be total baloney. But the orange lines seem to be in about the right set of shapes. Interestingly, the purple parallel lines show the shoulders have a very consistent height.
If this were real, I think the theoretical target of the pattern would be something on the order of $1010 - 1020, but with some significant resistance along the way.
This is not trading advice - Keep your money in your pockets where it's safe.
<3
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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.
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.