Hello everybody.
On the 4 hour chart I have identified a possible H&S pattern. So now we are headed into the right shoulder within this pattern. If the pattern holds then Jan the1st I expect to see a low of .31 to .28. I have also included a similar pattern in the chart that dates back to Sept 25 to Oct 11th for comparison.
Dec 17-19 .28 low to a .39 high.
Dec 22-24 .34 low to a .45 high.
Dec 27-29 .32 low to a .37 high.
Proposed idea if the right shoulder holds.
Dec 30- Jan 1st to a .28 low, then possible lower lows given the nature of the H&S pattern.
Cheers
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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.