ERAS closes above the resistance at 1.6 with higher volumes than the previous 10 sessions, interesting scenarios could open up with the development of the inverted head and shoulders reversal pattern only if it remains above these levels, remembering that there is always a significant % failure of this pattern, in the development of this pattern in 50% of cases a throwback is observed.
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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.