Price has created and inverted Head and Shoulders pattern. While doing so it price was launched upwards with two impulse moves. Waiting for a retracement of 50% to retest the neckline and if that happens a 4 hr bullish pattern may signify an entry!!!
EJ has formed an inverted Head and Shoulders pattern on the daily chart. And while price was doing so it was accompanied by 2 large impulse candles. I am looking for a retest of the neckline which happens to be a 50% retracement. When the time is right a bullish reversal pattern on the 4 hr chart may signify an entry!!
I’m looking for some type of retracement before the downwards move. Based off of the daily chart I’ve been expecting some form of retracement after a lot of bullish pressure
