Good day ladies and gentlemen, ignore or don't ignore the short playing in the back just personal motivation to finish strong as we push through Q3. Here we have UCAD a pair I've been watching since I first began trading. On the Monthly, since about March 2020 1.40000 zone it has fell off and though its shown high lows I can't help but notice the exhaustion to the top side along with breaks of previous support HTF. Beautiful shooting star with its nose pointing back toward 1.20750 demand zone, long term of course, first made in Q2 2015, tapped it Q3 2017 and again Q2 2021. Daily I could see it come down to 1.25250 support. Nice H&S formed with an engulfing dark cloud cover, a bullish spinning top and an impulsive bearish engulfing to the downside. LTF price can pull back up to 1.28500 or consolidate further to the right and fall out the sky. Pretty textbook, or bible whatever floats your boat, major shout out to Munehisa Homma. Happy Trading!
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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.