A Large dominant Falling Wedge structure containing a head and shoulders pattern. This inverted H&S pattern has already formed the left shoulder and the head, with the right shoulder yet to form I see in this chart the right shoulder leading to a breakout of the overall falling wedge and pushing price up to a very strong resistance point. Shown with the horizontal red line.
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.