Weekly TF shows something like H&S in weekly ascending channel so my initial bias was bearish but
. Price did not respected Expected neckline no shoulder form instead price has formed a bullish Descending channel
and another 1 inside that larger Descending channel giving bullish outlook
NB price might still break down to complete the weekly TF Pattern but for now its not showing bearish signs
. Price did not respected Expected neckline no shoulder form instead price has formed a bullish Descending channel
and another 1 inside that larger Descending channel giving bullish outlook
NB price might still break down to complete the weekly TF Pattern but for now its not showing bearish signs
Note
channel has just extended to weekly support will wait for a break
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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.