THE HEAD AND SHOULDERS SETUP IS ALMOST COMPLETE !!!
We are one leg short for a nice bearish movement ...
the plan is to wait for the 3rd touch around 1808-1813 and a bearish momentum running away from that zone indicating bearish movement as a selling signal
On the 1 hour timeframe we have a bearish flag pattern and on the 4 hour timeframe we spot a head and shoulders pattern ...It all adds up to my idea of a bearish movement
(This is not a signal)
the plan is to wait for the 3rd touch around 1808-1813 and a bearish momentum running away from that zone indicating bearish movement as a selling signal
On the 1 hour timeframe we have a bearish flag pattern and on the 4 hour timeframe we spot a head and shoulders pattern ...It all adds up to my idea of a bearish movement
(This is not a signal)
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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.