Price is attempting to break out of a large channel in grey.
Price can also be seen to form a nice rounded inverted H&S pattern.
This could lead to a strong breakout, further out of the channel.
I have drawn some smaller channels on chart for enjoyment.
Price can also be seen to form a nice rounded inverted H&S pattern.
This could lead to a strong breakout, further out of the channel.
I have drawn some smaller channels on chart for enjoyment.
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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.