As we can see price make a fake breakout of the resistance line and now is expected a retrace to the ascending trendline to complete the right shoulder .
Also price hit the RSI overbought line and can retrace from here to the buy zone.
If H&S will complete price can pump higher
Also price hit the RSI overbought line and can retrace from here to the buy zone.
If H&S will complete price can pump higher
Note
Right shoulder compleeted, wait for breakoutTrade closed manually
Pattern invalidated
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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.