Price dropped nicely to hit the first target in my previous analysis, then rallied up to form a nice head and shoulder pattern.
The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen.
Expect a small pullback before the drop.
The head and shoulder pattern coupled with double top in H1 suggests a deeper pullback will happen.
Expect a small pullback before the drop.
Note
Target 1 reached.Trade closed: target reached
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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.