Possible long trade:
- Has recently hit the weekly support and has started to move up
- Head and shoulders patterns on the daily
On the break of the neckline and retest of the support (now resistance), I will take the long trade to the next resistance level.
If the price does not break the neckline and continues to go down, it could mean a possible long entry from the weekly support level.
- Has recently hit the weekly support and has started to move up
- Head and shoulders patterns on the daily
On the break of the neckline and retest of the support (now resistance), I will take the long trade to the next resistance level.
If the price does not break the neckline and continues to go down, it could mean a possible long entry from the weekly support level.
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.