We are anticipating the formation for the second shoulder with this head and shoulder pattern.
The RSI indicator also reveals to us that price is oversold and a buy can be expected.
For entry we will wait for the breakout of the red trend line to go long.
The RSI indicator also reveals to us that price is oversold and a buy can be expected.
For entry we will wait for the breakout of the red trend line to go long.
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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.