In H4 chart, we can a MACD divergence support a change from downward into upward trend.
Look left, the yellow zone could act as a support zone, if price could sustain there and reverse, a possible head and shoulder pattern would form.
Look left, the yellow zone could act as a support zone, if price could sustain there and reverse, a possible head and shoulder pattern would form.
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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.