This is long term setup and I assume will take few months to hit target.
We have a inv head and shoulders in development and 2618 setup therefore I expect trend reversal.
Peak for right shoulder is almost reached and 5.09000 - 5.12000 is good level to enter.
We have also form of falling wedge in right shoulder which is good indication of upcomig up move.
Targets as on chart.
We have a inv head and shoulders in development and 2618 setup therefore I expect trend reversal.
Peak for right shoulder is almost reached and 5.09000 - 5.12000 is good level to enter.
We have also form of falling wedge in right shoulder which is good indication of upcomig up move.
Targets as on chart.
Note
Note
If price will go further south we might have 2618 setup trade rather then in inverted head and shoulders.Note
Note
Possible double bottom.Looking for trade at least to upper trendline with high probability of breakout to upside
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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.