Not much has happened since the last idea was published. We're still working with the Inverse H&S pattern, and currently the price is testing its neckline. The pullback may unfold further, so I draw a couple of important support levels:
Volatility is almost non-existent these days. Breakout strategies are less effective than usually, mind that.
- 7500 is the key point of control
- 7320 is the right shoulder level. If the price breaks below, the H&S pattern is invalidated, and we will most likely turn bearish
Volatility is almost non-existent these days. Breakout strategies are less effective than usually, mind that.
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Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
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.