On weekly we can see that the price has formed a long-term Head&Shoulder, where its right shoulder is a Megaphone Top.
Price is hugging & kissing its upper trendline, which is also an area of a perfect entry to go SHORT, as there is a very small risk compare to a very big reward.
I will be looking and patiently waiting for a Key Reversal from upper trendline to go SHORT.
Price is hugging & kissing its upper trendline, which is also an area of a perfect entry to go SHORT, as there is a very small risk compare to a very big reward.
I will be looking and patiently waiting for a Key Reversal from upper trendline to go SHORT.
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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.