Today another weakness in the European market, mostly due to bad news from Italy and their governmental struggle.
Technically formed H&S pattern broke the neckline and is currently retesting is, after being rejected on 38% fib retracement of the move. It is also in line with a 200 SMA at the time of writing on a daily timeframe, a close below could further indicate a H&S trigger.
Technically formed H&S pattern broke the neckline and is currently retesting is, after being rejected on 38% fib retracement of the move. It is also in line with a 200 SMA at the time of writing on a daily timeframe, a close below could further indicate a H&S trigger.
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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.