Possible short
A reversal pattern, Head and shoulders is forming at a weekly residence line with a strong rejection at the second shoulder which seems to likely end the week with some evidence of buyers termination, hence in 1D, sellers seemed to have taken control. So if rejections continue towards our anticipation, thus we continue to sell! Please comment.
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.