Head & Shoulder pattern retest
The Market is retesting the Head & Shoulders pattern neckline.
Look left it happened with the same pattern (and happened quite often).
If we speak in terms of liquidity, we can guess that all traders that went short on the break of the first neckline have moved their stop loss thus explaining the massive move up to this area.
Happy trading
Look left it happened with the same pattern (and happened quite often).
If we speak in terms of liquidity, we can guess that all traders that went short on the break of the first neckline have moved their stop loss thus explaining the massive move up to this area.
Happy trading
Trade closed: target reached
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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.
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.