KSM since its recent bullish impulse to the upside has provided us with a nice correction, the correction has tested the 0.382 fib with aligns with the previous resistance now support, dropping down to the 4hr timframe we can see this big inverted head and shoulders formation. The market has also broke above this 4hr counter trendline and is now retesting it as support, if we close above the high we should see the continuation to the upside follow.
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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.