On the Daily and 240 TF we have violated struc to the upside, on the 60M/15M we have come down into resistance that has been tested in the past a minimum of 7 times. Not only have we a valid DB with RSI confirmation and divergence but we also have a classic reversal pattern, a Head and Shoulders with an initial structure high indicating a reversal from bearish to bullish.
Trade closed: stop reached
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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.