A small time frame inverse head and shoulders neckline has been breached.
The Neckline target will in turn breach the neckline of a larger time frame inverse head and shoulders with a neckline target of $11.7
A close above $8.61 on the daily chart will make a new higher high and confirm a change to an uptrend.
Failure to breach neckline resistance and a breach of the red long term trend line will confirm downward symmetrical triangle pattern continuation instead.
The Neckline target will in turn breach the neckline of a larger time frame inverse head and shoulders with a neckline target of $11.7
A close above $8.61 on the daily chart will make a new higher high and confirm a change to an uptrend.
Failure to breach neckline resistance and a breach of the red long term trend line will confirm downward symmetrical triangle pattern continuation instead.
Note
working out nicely ;)
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.