xlm forming inverted head and shoulders on weekly

By DavisHudson
Updated
look for the breakout this week. daily is also about to break out of an ascending triangle to start the breakout.
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well this clearly didnt go as planned so we will see how far she drops. the stochs on weekly are headed down which could bring further downward movement.
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if the sideways channel doesnt hold look for this ascending triangle to hold on the weekly, with a possible breakout upwards of the ascending triangle. if it breaks downward out of this triangle on the weekly things may get bearish fast
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