CADCFH Multiple Confluence
Here we see on the daily chart clear break of the dynamic trend line, with a perfect retest.
Also on the same time frame there is clear confluence with a classic Head and Shoulders Pattern with the right shoulder happening on retest of that same trendline.
If you didn't catch the top of the right shoulder's initial bearish movement, once we break this next level of support will be a great opportunity to look for further entries and look for a TP around the -0.6181 fib level from the previous major impulse.
Thank you !
Also on the same time frame there is clear confluence with a classic Head and Shoulders Pattern with the right shoulder happening on retest of that same trendline.
If you didn't catch the top of the right shoulder's initial bearish movement, once we break this next level of support will be a great opportunity to look for further entries and look for a TP around the -0.6181 fib level from the previous major impulse.
Thank you !
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