Sfp detailed analysis
Sfp will go down to Big Red trend line.
(Reason : Sfp breakdowns the small red trendline.)
If two 4hrs candle closed below the big red line then price will keep going downward.
(Reason: Big triangle breakdown will happen)
But if Sfp doesn’t break it then price will go upto small green line
( Reason: to complete inverse head n shoulder)
If price breaks this head n shoulder, then price will go up to big green line. If price breaks it too then only up up up.
( Reason: Big triangle breakout)
(Reason : Sfp breakdowns the small red trendline.)
If two 4hrs candle closed below the big red line then price will keep going downward.
(Reason: Big triangle breakdown will happen)
But if Sfp doesn’t break it then price will go upto small green line
( Reason: to complete inverse head n shoulder)
If price breaks this head n shoulder, then price will go up to big green line. If price breaks it too then only up up up.
( Reason: Big triangle breakout)
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