What do you see?
The maxima and minima depend on psychological factors and, therefore, are more evident on the graph. The most famous formation is the highest the head and shoulders. There is a very common variant of the head and shoulders formation, consisting of three push towards a maximum. This pattern often develops as part of training culminating at the highest bigger and longer lasting. The classical maximum Moreover, it also shows a clear divergence (Look at the RSI). If we add the presence of figures downward, according to the chart, the technical picture becomes clear. All this will surely lead to a full-bodied well-tracing, rather premature to think of a possible reversal of the exchange, however, that it could lead to the overcoming of the area 1:55 to 1:54. What do you see?
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.