If this is a fake break, this is a nice opportunity to go short. Two potential entry points have been identified.
1. Price breaks below support and retests giving a short signal.
2. Price bounces off support and structure forms a head and shoulders pattern giving a short signal.
1. Price breaks below support and retests giving a short signal.
2. Price bounces off support and structure forms a head and shoulders pattern giving a short signal.
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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.