A broadening pattern can also be called a megaphone.
Double top and descending upper trendline that price has been unable to successfully penetrate..
No recommendation/Price is still above the .382 of the trend up.
Double top and descending upper trendline that price has been unable to successfully penetrate..
No recommendation/Price is still above the .382 of the trend up.
Note
Updated 11-17-22This is not the first double top for H.
Pror H&S but price has fallen beneath the neckline on a few occasions and recovered.
The neckline which is 83 will most likely be a source of support if/when price falls.
Bearish Harami today.
No recommendation.
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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.