Waiting for a break of triangle wedge for a retest of H&S break
Waiting for a break and retest of the consolidating triangle to enter short.
On the bigger timeframe, price should be retesting the inverted Head & Shoulders break because it is a big support level.
The RSI is also in a downtrend, which makes it more probable that the consolidation (triangle) will be breaking to the downside.
^^ Daily view
4h view:
On the bigger timeframe, price should be retesting the inverted Head & Shoulders break because it is a big support level.
The RSI is also in a downtrend, which makes it more probable that the consolidation (triangle) will be breaking to the downside.
^^ Daily view
4h view:
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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.