DESCRIPTION: Hourly Inverted Head and Shoulders Pattern + 61.8% retracement clear rejection + 1.32500 Major Support (structure and psychological).
ENTRY: Reversal candlestick pattern on the 61.8%.
TARGET: 127.2% extension from A to B.
STOPS: BELOW the 78.6% and the left shoulder of the inverted HnS.
ENTRY: Reversal candlestick pattern on the 61.8%.
TARGET: 127.2% extension from A to B.
STOPS: BELOW the 78.6% and the left shoulder of the inverted HnS.
Note
STOPLOSS is now @ BREAKEVEN.
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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.