PRICE ACTION: • In an uptrend, price action finds first resistance (1) that forms left shoulder's high, where it reverse direction and goes downwards till finding support (2), completing the left shoulder formation. • Price action reverses direction from that support (2) and goes upwards till finding second resistance (3) that forms head's high, where it reverses...
Head and Shoulders Forming for Possible Sells For all entrances wait for Retests
Possible retest happening, look for buy opportunities using 5 and 15m candlesticks
>In an uptrend, price action finds first resistance (1), where it reverses direction and goes downwards steadily till finding first support (2), which will be the lowest low in the pattern. • Price action reverse direction from support (2) and goes upwards steadily, till finding the second resistance (3) and completes the cup formation. • Price action reverse...
Possible Buy Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
>Price action finds first Support (1), where it reverses direction and goes upwards till finding first Resistance (2). >Price action reverse direction from Resistance (2) and goes downwards, till finding the second support (3) which must be higher than the first support (1). >Price action reverse direction from support (3) and goes upwards, till finding the...
1- Price action has formed a broadening wedge pattern which represents a bearish move in price action to the downside. 2- the price just made it up to a strong level of resistance and gave a simple price action pattern ( double top ), pull down is strongly expected. >>In addition to the Tweezer Tops pattern it provides the reasons to expect the price to FALL! ...