HELLO ALL AND GOOD DAY TO EVERYONE.
In the last update we were speculating on a reversal point being that price was in this channel for some time. The head and shoulders pattern I went over gave us a low target around $6,600, but managed to get down even further in what was most likely a stop run before this move up. Now we can see that there is support occurring at the moment just above what was the resistance of this channel. The expected target for this pattern is at or above the beginning of it near $7,450.
not financial advice.
In the last update we were speculating on a reversal point being that price was in this channel for some time. The head and shoulders pattern I went over gave us a low target around $6,600, but managed to get down even further in what was most likely a stop run before this move up. Now we can see that there is support occurring at the moment just above what was the resistance of this channel. The expected target for this pattern is at or above the beginning of it near $7,450.
not financial advice.
Note
Bull Pennant
Note
Failed pennant, last chance for this to break up will be an old fashion flag 
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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.
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.