Possible Inverse H&S
Updated
Here is a short term possible H&S of PBR. If it does play out as such a retest of the trendline that was broken might be possible. There is a lot of uncertainty with the switch in Brazil so a healthy dose of caution.
This is not financial advise.
This is not financial advise.
Note
The price broke above the neck line. I entered a medium size position. I have been stopped out before on PBR so I am willing to take a little more risk on my SL. Not financial advice
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.