On HTF the price has hit the top of the canal, where it formed a double top. After the consolidation and the formation of a flag, it's noticeable that the head of a Head and shoulder pattern has been formed.
We are now waiting for the breaking of the flag to go short until the formation of the second shoulder and eventually until the bottom of the canal.
We are now waiting for the breaking of the flag to go short until the formation of the second shoulder and eventually until the bottom of the canal.
Note
Dont like the look of that inverse Head and shoulder. Will wait for a consolidation before evaluating a new entry
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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.