Monitoring to see if the price will complete the inverse head and shoulders. The cross and retest of the horizontal resistance will complete the head and shoulders, giving us clear buying signals. I am anticipating that the market will buy until it makes a third touch on the downward resistance trendline, also hitting the horizontal resistance, which we will look for selling opportunities at that point. But if the market breaks the resistance and turns it into support, we will further look for buying opportunities.
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.