As you can see one of the more complicated analysis where I have targeted where each point may direct themselves. Firstly I just want to say this bearish harmonic pattern has been completed in a smaller scale and failed. Now that I have identified this completion of the potential pattern, I do believe this would cause the breakage of the 130. a solidified barrier that is hard on breaking, however you can see I have identified the first target point which may be looking like a second bottom with the potential wedge to hold its position. This may be a pullback for the set up for longs. If target reached I would be doing another position to long to its next potential destination.
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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.