Price has been on the decline for a while, and currently we can observe it forming a potential bullish Head and Shoulder, finalizing on the left shoulder. No body is certain about the next move but we try to align confluence for a good and clear probability. We wait for it to test well the support/Demand zone along the slanting trendline. Provided we find a good PA with respective good RRR, we'll execute. This isn't an investment advice.
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.