Chart: XAUUSD (Gold) on the 15-minute timeframe (based on "XAUUSD-15-OANDA" in the image).
Pattern: Possible Inverted Head and Shoulders. The image highlights what appears to be a developing head and shoulders pattern.
Key Observations:
Head and Shoulders Formation: The image indicates a possible left shoulder, a head, and what could become a right shoulder.
Fibonacci Retracement: There's a Fibonacci retracement level of 0.618 marked from the head to the potential right shoulder.
Trendline: A downward-sloping trendline connects the highs of the pattern.
Support/Resistance Levels: Horizontal yellow lines suggest potential support or resistance areas.
Pattern: Possible Inverted Head and Shoulders. The image highlights what appears to be a developing head and shoulders pattern.
Key Observations:
Head and Shoulders Formation: The image indicates a possible left shoulder, a head, and what could become a right shoulder.
Fibonacci Retracement: There's a Fibonacci retracement level of 0.618 marked from the head to the potential right shoulder.
Trendline: A downward-sloping trendline connects the highs of the pattern.
Support/Resistance Levels: Horizontal yellow lines suggest potential support or resistance areas.
Buy and Sell Signals Indicators Provider
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octoalgo.com/
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.
Buy and Sell Signals Indicators Provider
octoalgo.com/
octoalgo.com/
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.