Potential Breakthrough or H&S
Depending on today’s close we may see a bounce again from the supports up to the resistances at current levels. If price action remains above the cloud + EMAs for the next few days, we may see a breakthrough if volume recovers. Current indicators seem to be pointing towards the dip back down to a second shoulder, then back up to confirm the pattern, breaking through the baseline within the range displayed on the chart.
Related publications
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.