Looking for a buy after break of neckline on head and shoulders pattern. Looking to take profit just before 1.62 Fib retracement level. Putting stop loss just below neckline.
Reasons for bias:
Bounce off elevating trend line
Head and shoulders pattern
Bullish stochastic on daily time frame
Bounce off 60 EMA on hourly time frame
Reasons for bias:
Bounce off elevating trend line
Head and shoulders pattern
Bullish stochastic on daily time frame
Bounce off 60 EMA on hourly time frame
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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.