Price has broken neckline. There is not a confirmed downtrend yet.
Previous head and shoulders pattern noted. It appears there was a double bottom, then price resumed and uptrend before forming another head and shoulders pattern.
This pattern does best in a bear market as the neckline is a strong source of support, until it is broken. Then it becomes resistance.
No recommendation, sorry for the lines versus candles, but I can not get my candles back right now for some reason.
Just a bad day I suppose )o: I am tired of seeing bad patterns as of late.
Previous head and shoulders pattern noted. It appears there was a double bottom, then price resumed and uptrend before forming another head and shoulders pattern.
This pattern does best in a bear market as the neckline is a strong source of support, until it is broken. Then it becomes resistance.
No recommendation, sorry for the lines versus candles, but I can not get my candles back right now for some reason.
Just a bad day I suppose )o: I am tired of seeing bad patterns as of late.
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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.