This looks like a Head&Shoulder pattern, easily identified within the 4H chart as well as Daily chart.
If the pattern is correct, it would dictate a target between 4700-5000.
What do you guys think? I'd love to hear your thoughts on that.
If the pattern is correct, it would dictate a target between 4700-5000.
What do you guys think? I'd love to hear your thoughts on that.
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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.