CRO, H&S Pattern, should we worry?
Hello!
This is just my personal take on it but for me it seems like it is forming a H&S Pattern, wich is a "Bearish Sign"!
I would watch the area around 0.75 - 0.76 (Yellow Horizontal line) for possible breakout to the upside again though.
IF it passes that line i guess it CAN move further up again, however if it fails and goes down agin (Following the red curve downward), i guess it's a major bearish sign unfortunately!
A critical moment?
Happy Trading!
This is just my personal take on it but for me it seems like it is forming a H&S Pattern, wich is a "Bearish Sign"!
I would watch the area around 0.75 - 0.76 (Yellow Horizontal line) for possible breakout to the upside again though.
IF it passes that line i guess it CAN move further up again, however if it fails and goes down agin (Following the red curve downward), i guess it's a major bearish sign unfortunately!
A critical moment?
Happy Trading!
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.