OMG - Upside down head and shoulders? Targets: 7.5, 9.5
Waiting to confirm the formation of a reversed head and shoulders pattern which could be a signal of reversal of this correction from ATH we are seeing. I think it has already broken out of a descending triangle, another sign that the correction is reversing.
Still practicing identifying good price targets but I have profit levels tentatively set just under 7.5 and 9.5 for now (fib retracement).
Fairly new to TA in general - feedback is most welcome! What do you think?
Still practicing identifying good price targets but I have profit levels tentatively set just under 7.5 and 9.5 for now (fib retracement).
Fairly new to TA in general - feedback is most welcome! What do you think?
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