Inverse head & shoulders pattern on the daily
We currently have a head and shoulders pattern on the 4hr chart giving us a short signal down into support which if fulfilled will complete our inverse head and shoulders pattern on the daily time frame and give us a signal to go long.
Price has broken our descending trend line and is looking to go long now, but we must first wait for a pullback to our support zone/descending trend line area before we look to go long.
Price has broken our descending trend line and is looking to go long now, but we must first wait for a pullback to our support zone/descending trend line area before we look to go long.
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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.