Been trying to make something of this formation for a few days and finally settled on H&S, albeit not an obvious one.
Neckline around 139.28 which also happens to be a historical /R level, makinf last week's rally a possible re-test of the neckline which is fairly common. Assuming the neckline holds the short target is 2.618 x the H&S height of around 6.386.
If the target is approached it may transofrm into a Bump and Run as that would also mean breaking the upward trendline from the lead-in to the BAR,
Neckline around 139.28 which also happens to be a historical /R level, makinf last week's rally a possible re-test of the neckline which is fairly common. Assuming the neckline holds the short target is 2.618 x the H&S height of around 6.386.
If the target is approached it may transofrm into a Bump and Run as that would also mean breaking the upward trendline from the lead-in to the BAR,
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.
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.