We on! H4 here we are! This is what I see, again, please do your analysis and come lets have a feast discussing our views/findings! So here I see a broken out rectangle consolidation pattern. The market started to give us the high highs until it started to drop those highs, remember, this on weekly is our right shoulder, so its quite likely to be true with the currently visible breakout, its highly possible that we are facing a smooth sell here. As indicated there, the red arrows show us that we had the rectangle and then it was broken out at its support and it got back tested and not we hope to break the current support then sell towards our Neck and Head distance. Whats you say?
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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.