According to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed.
Reverse head and shoulders pattern
🛑Resistance: 1.7580
⛳️Tp 1:1.5625 1.5137
⛳️ Tp2 : 1.4648
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Reverse head and shoulders pattern
🛑Resistance: 1.7580
⛳️Tp 1:1.5625 1.5137
⛳️ Tp2 : 1.4648
-----------------
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Note
The correction of the reverse head and neck pattern was completed after the reaction in the resistance area and the target touch.
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Related publications
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.