Two scenarios could play out here.
We break neckline of head and shoulders pattern and we fall lower.
We see a consolidation pattern whose break will dictate which direction we go in. This is what the bulls want to see.
I would say breaking the neckline and going lower is more likely, but I won't make predictions, lets see how the charts play out
We break neckline of head and shoulders pattern and we fall lower.
We see a consolidation pattern whose break will dictate which direction we go in. This is what the bulls want to see.
I would say breaking the neckline and going lower is more likely, but I won't make predictions, lets see how the charts play out
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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.