While the right shoulder turned into a double shoulder, the pattern broke the 38% fib level and the neckline of the pattern.
Could add to a position after breaking 50% fib level.
Happy Trading!
Could add to a position after breaking 50% fib level.
Happy Trading!
Note
Perfect retest of the neckline and price continues up now. 200 SMA on a 4 hour chart is the first obstacle in the way.
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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.
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.