check out the 4 hr inverrse head and shoulders pattern formed, potential buy, please do advise.
market previously respected 4hr support level and has been within a range for several weeks, market just over support level, buy stop placed, SL 30 pips TP1 30 pips TP2 60 pips, 1hr chart shpwing spinning tops, sign of sellers getting exhausted.
uptrend pattern, ascending channel formed on day time frame, PA touched top trendline, expecting a bounce, tp set with fib extensions. have a look and drop a comment for some feedback. thank you
its a long one
i believe trend is coming to an end and market will have a reversal.
as highlighted you can see a double confirmation with 2 sets of tweezer tops, i speculate that market will pass down and resume the previous downtrend. i am open to advise. thank you
previously the market had a steady bullish run and then as of recent started to stay within a range, obey a trend, i believe that price action will break the neck line formed and hit the lower support level as indicated on analysis.