So far it seems quite a nice call but it will not be complete unless it pulls back to the support trendline of the long term ascending channel.
Head and Shoulder pattern still valid and indicator of a possible strong bearish movement.
It all depends on the inner descending channel, specially on the resistance trendline. Breaking and closing above it could be completely different story.
Bearish till then.
Head and Shoulder pattern still valid and indicator of a possible strong bearish movement.
It all depends on the inner descending channel, specially on the resistance trendline. Breaking and closing above it could be completely different story.
Bearish till then.
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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.