SKL dropped hard following BTC, found its bottom, broke out of the descending wedge (in green). Currently appears to be making an inverse Head and Shoulder pattern (possible drawing the right shoulder now). If price breaks 0.605 with volume, it’s a great long trade entr6 with 1.85 RR.
Target 1 - 0.65. Target 2 - 0.69, where the full potential of the iH&S pattern plays out.
Happy trading
Target 1 - 0.65. Target 2 - 0.69, where the full potential of the iH&S pattern plays out.
Happy trading
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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.