Price pierced through the BB at 2.5 Standard Deviations, which is a high probability rejection zone to the midline (20ema).
Based on the volume of the push, I expect a short retracement, and continual move up. This retracement would be part of complete the right shoulder in a H/S pattern on the Daily TF.
Based on the volume of the push, I expect a short retracement, and continual move up. This retracement would be part of complete the right shoulder in a H/S pattern on the Daily TF.
Trade closed: target reached
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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.