With the weekly chart bouncing off the 50% Fibonacci level AND creating a strong bearish engulfing bar, further confirmation comes with an absolutely beautiful H&S pattern right here!
However, I expect it to retrace all the way to the previous trendline that it recently broke off.
Comment and let me know your thoughts on this! May the pips be with you!
However, I expect it to retrace all the way to the previous trendline that it recently broke off.
Comment and let me know your thoughts on this! May the pips be with you!
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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.