Head & Shoulder Pattern with broken neckline.
Currently on a down trend and formed a bearish triangle pattern (Consolidation).
Looking for the breakout to the down side and target last swing low.
Currently on a down trend and formed a bearish triangle pattern (Consolidation).
Looking for the breakout to the down side and target last swing low.
Note
Going down to the 1hr TF, we can see a Doji with an engulfing candlestick at the level of resistance. Good sign of reversal.Note
1hr TF: Attempt to break-out of the rising wedge/triangle pattern
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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.