Setting up for a big time move, but the catch is it can go either way.
Confirmation to upside - A 4 hour close above the upper resistance trend line around about 4800 sat on heavy volume, will likely lead to new high
Confirmation to downside - A 4 hour break below the neckline of the head and shoulders on the long frame around about 4050 sat.
Not much else to say here, no way to know which way it breaks, so look for the triggering events
Targets are just for reference, not actual targets but should get in the ballpark area.
Not financial advice.
Confirmation to upside - A 4 hour close above the upper resistance trend line around about 4800 sat on heavy volume, will likely lead to new high
Confirmation to downside - A 4 hour break below the neckline of the head and shoulders on the long frame around about 4050 sat.
Not much else to say here, no way to know which way it breaks, so look for the triggering events
Targets are just for reference, not actual targets but should get in the ballpark area.
Not financial advice.
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.
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.