Updated
REN FAKE HEAD AND SHOULDERS PATTERN?
According to the RSI INDICATOR the Head and Shoulder pattern might be invalid
So, if we see a rejection by the 0.38 zone, it might indicate a fall upto 8.5%
N.B. If there is no valid rejection that means Head and Shoulder is valid still do not long as it needs a correction according to the RSI. the correction zone can be 0.38 by giving support
Enter the trade when the correction starts
So, if we see a rejection by the 0.38 zone, it might indicate a fall upto 8.5%
N.B. If there is no valid rejection that means Head and Shoulder is valid still do not long as it needs a correction according to the RSI. the correction zone can be 0.38 by giving support
Enter the trade when the correction starts
Trade active
as I said, ren is on the way of a valid head and shoulder after the correction
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.
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.