Head and should pattern on the daily. It would usually mean I would be looking for a short set up which it could happen. Look for the neckline to break to enter a shot. Right now we are sitting on an important support level and the 200 EMA. I actually like this for a long set up with the fir PT shoulder level and 2nd PT head level. Stop would be under the neckline for a great risk to reward play.
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.