Hi snipers. In the one-day and 4-hour time frames, we are witnessing the formation of a strong bullish pattern (inverted head and shoulders pattern). Usually, after breaking out of the neckline, there is an upward movement equal to the distance from the top of the head to the shoulder line, which in this pattern is about 26%. Of course, nothing is 100% and we must pay attention to the price resistances ahead.
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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.