There is a head and shoulders pattern on the 1h timeframe. My prediction is that the price will follow the pink line I have drawn.
I plan to make a short at $105.15 and take profit around $96.71
Stop loss is at $108.86 right above the previous high.
If price makes a higher high, this setup will be invalid.
I plan to make a short at $105.15 and take profit around $96.71
Stop loss is at $108.86 right above the previous high.
If price makes a higher high, this setup will be invalid.
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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.