Horizontal lines are important price zones
After making exhaustion candles, and bouncing on the the previously tested zone, including the RSI, seems to be making a Head n Shoulders pattern.
If it breaks downwards, I think it should retest the neck zone to come down to the next price zone.
After making exhaustion candles, and bouncing on the the previously tested zone, including the RSI, seems to be making a Head n Shoulders pattern.
If it breaks downwards, I think it should retest the neck zone to come down to the next price zone.
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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.