Currently seeing a potential inverted H&S on the D time frame.
Price was creating lower lows, and lower highs, however failed to break the last low, stalling at previous minor resistance/now support.
At this point, there's possibly the right side forming. We will see a confirmation when the bearish TL on the daily is broken followed by a retest.
Price was creating lower lows, and lower highs, however failed to break the last low, stalling at previous minor resistance/now support.
At this point, there's possibly the right side forming. We will see a confirmation when the bearish TL on the daily is broken followed by a retest.
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.